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 0  0  0  0 20  0  0  0  0  1  1  1  1  1  1  1  1  1  1  2  2  2  2  2  2  2  2  2  2  3  3  3  3  3  3  3  3  3  3  4  4  4  4  4  4  4  4  4  4  5  5  5  5  5  5  5  5  5  5  6  6  6  6  6  6  6  6  6  6  7  7  7  7  7  7  7  7  7  8  8  8  8  8  8  8                            2
 1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5
          3                                                                                                                                                                                                                                                                               3
          4                          Vermont Department of Taxes                                                                                                                                                                                                                          4
          5                                                                                                                                                                                                                                                                               5
          6                       2023 Schedule FIT-162                                                                                                                           *231621100*                                                                                             6
          7                                                                                                                                                                                                                                                                               7
                            Capital Gains Exclusion Calculation                                                                                                                   *231621100*
          8                                                                                                                                                                                                                                                                               8  Page 3
          9                             for Estates or Trusts                                                                                                                                                                                                                             9
          10                                                                                                                                                                               Attach to Form FIT-161                                                                         10
          11                                                                                                                                                                                                                                                                              11
          12                                                       Name of Estate or Trust                                                                                                 FEIN                                   Tax Year End Date (MMDDYYYY)                            12
          13       123456789012345678901234567890123456     123456789         MM /       DD /                                                                                                                                                                 YYYY                        13
          14                                                                                                                                                                                                                                                                              14
          15     PART I  Flat Exclusion                                                                                                                                                                                                                                                   15
          16                                                                                                                                                                                                                                                                              16
          17       1.                                                            123456789012Enter lesser of Line 18a(2) or 19(2) from federal Form 1041, Schedule D  . . . . . . . . . . . . . . . . . . . . . . . . . . 1..   ______________________                                .00 17
          18                                                                                                                                                                                                                                                                              18
          19                                                                                                                                                                                                                                                                              19
                   2.  Enter amount from:
          20                                               123456789012  2a. Federal Form 1041, Schedule D, Line 18b(2)   . . . . . . . . . . . . 2a..   ______________________.00                                                                                                        20
          21                                                                                                                                                                                                                                                                              21
          22                                               123456789012  2b.  Federal Form 1041, Schedule D, Line 18c(2)  . . . . . . . . . . . . . 2b.  ______________________.00                                                                                                        22
          23                                                                                                                                                                                                                                                                              23
          24       3.                                                            123456789012Add Lines 2a and 2b  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3..   ______________________.00 24
          25                                                                                                                                                                                                                                                                              25 FORM  (Place at FIRST page)
          26       4.                                                            123456789012Subtract Line 3 from Line 1 . Entry cannot be less than zero.    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4..   ______________________                        .00 26 Form pages 
          27                                                                                                                                                                                                                                                                              27
          28     If you filed federal Form 4952, complete Lines 5 through 7                                                                                                                                                                                                               28
          29                                                                                                                                                                                                                                                                              29
                   5.  Enter amount from:
          30                                               123456789012  5a. Federal Form 4952, Line 4g  . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5a..  ______________________.00                                                                                          30
          31                                                                                                                                                                                                                                                                              31
                                                                                                                                                                                                                                                                                             3 - 4
          32                                               123456789012  5b. Federal Form 4952, Line 4e  . . . . . . . . . . . . . . . . . . . . . . . . . . . .5b.  ______________________.00                                                                                            32
          33                                                                                                                                                                                                                                                                              33
          34      5c.                                                            123456789012Multiply Line 5a by Line 5b .  Enter result here .  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5c..  .  ______________________.00              34
          35                                                                                                                                                                                                                                                                              35
          36                                              1234567890125d. Federal Form 4952, Line 4b  . . . . . . . . . . . . . . . . . . . . . . . . . . . .5d.  ______________________.00                                                                                               36
          37                                                                                                                                                                                                                                                                              37
          38                                               123456789012  5e Federal Form 4952, Line 4e  . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5e..  ______________________.00                                                                                           38
          39                                                                                                                                                                                                                                                                              39
          40       6.                                                            123456789012Add Lines 5d and 5e .  Enter result here .  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6..  .   ______________________.00        40
          41                                                                                                                                                                                                                                                                              41
          42       7.                                                            123456789012Divide Line 5c by Line 6 .  Enter result here  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7..   ______________________.00           42
          43                                                                                                                                                                                                                                                                              43
          44       8.                                                            123456789012Subtract Line 7 from Line 4 . Entry cannot be less than zero.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8..   ______________________                        .00 44
          45                                                                                                                                                                                                                                                                              45
          46       9.                                                            123456789012Enter the lesser of Line 8 or $5,000  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9..   ______________________       .00 46
          47                                                                                                                                                                                                                                                                              47
          48                                                                                                          (continued on next page)                                                                                                                                            48
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          58                                                                                                                                                                                                                                                                              58
          59                                                                                                                                                                                                                                                                              59
          60                                                                                                                                                                                                                                                                              60
          61                                                                                                                                                                                                                      Schedule FIT-162                                        61
          62                                                                                                                                                                                                                                  Page 1 of 2                                 62
          63                            5454                                                                                                                                                                                                     Rev. 10/23                               63
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          1                                                                                                                                                                                                                                                                       1
 0  0  0  0 20  0  0  0  0  1  1  1  1  1  1  1  1  1  1  2  2  2  2  2  2  2  2  2  2  3  3  3  3  3  3  3  3  3  3  4  4  4  4  4  4  4  4  4  4  5  5  5  5  5  5  5  5  5  5  6  6  6  6  6  6  6  6  6  6  7  7  7  7  7  7  7  7  7  8  8  8  8  8  8  8                    2
 1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5
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          4                                                                                                                                                                                                                                                                       4
          5                                                                                                                                                                                                                                                                       5
          6                                                                                                                                                                       *231621200*                                                                                     6
          7                                                                                                                                                                                                                                                                       7
                                                                                                                                                                                  *231621200*
          8                                                                                                                                                                                                                                                                       8  Page 4
          9                                                        Name of Estate or Trust                                                                                                 FEIN                                   Tax Year End Date (MMDDYYYY)                    9
          10       123456789012345678901234567890123456     123456789         MM /       DD /                                                                                                                                                                 YYYY                10
          11                                                                                                                                                                                                                                                                      11
          12                                                                                                                                                                                                                                                                      12
          13                                                                                                                                                                                                                                                                      13
                 PART II             Percentage Exclusion 
          14                         (Use this section only if you have eligible gains .  See Technical Bulletin TB-60, Taxation of Gain on the Sale of Capital Assets, for                                                                                                       14
          15                         more information, or continue on to Part III)                                                                                                                                                                                                15
          16                                                                                                                                                                                                                                                                      16
          17      10.                                         123456789012Enter the amount from Part I, Line 4   . . . . . . . . . . . . . . . . . . . . . . . . 10..  ______________________.00                                                                                  17
          18                                                                                                                                                                                                                                                                      18
                  11.       Enter amount of adjusted net capital gain from  
          19                                              123456789012the sale of assets held for three years or less  . . . . . . . . . . . . . . . . . . . 11..  ______________________.00                                                                                      19
          20                                                                                                                                                                                                                                                                      20
                  12.       Assets held for more than three years .  Subtract Line 11 
          21                                              123456789012from Line 10 . Entry cannot be less than zero.  . . . . . . . . . . . . . . . . 12..  ______________________.00                                                                                             21
          22                                                                                                                                                                                                                                                                      22
          23     Enter the amount of net adjusted capital gain from the sale of the following assets held for more than three years .                                                                                                                                             23
          24                                                                                                                                                                                                                                                                      24
                   13a.     Real estate or portion of real estate used as a 
          25                                              123456789012primary or nonprimary home   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a..  ______________________.00                                                                                     25 FORM  (Place atLAST page)
          26                                                                                                                                                                                                                                                                      26 Form pages 
                   13b.  Depreciable personal property (except for 
          27                                              123456789012farm property or standing timber)  . . . . . . . . . . . . . . . . . . . . . . . . . .13b.  ______________________.00                                                                                       27
          28                                                                                                                                                                                                                                                                      28
                   13c.  Stocks or bonds publicly traded or traded on an 
          29                                              123456789012exchange or any other financial instruments  . . . . . . . . . . . . . . . . . . 13c..  ______________________.00                                                                                           29
          30                                                                                                                                                                                                                                                                      30
          31      14.                                         123456789012Add Lines 13a through 13c  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14..  ______________________.00                                                                              31 3 - 4
          32                                                                                                                                                                                                                                                                      32
          33      15.       Subtract Line 14 from Line 12 .  Enter result here .                                                                                                                                                                                                  33
                            Entry cannot be less than zero.  This is the amount 
          34                                              123456789012of net capital gain eligible for exclusion .  . . . . . . . . . . . . . . . . . . . . . 15..  ______________________.00                                                                                     34
          35                                                                                                                                                                                                                                                                      35
          36     Line 16 federal Form 4952 information.  If no investment interest expense for ineligible assets reported on federal Form 4952, enter Line 7 from                                                                                                                 36
                            Part I of this form .  Otherwise, you may need to recompute federal Form 4952 to reflect only investment interest income for assets eligible for 
          37                the capital gain exclusion .                                                                                                                                                                                                                          37
          38                                                                                                                                                                                                                                                                      38
                  16.    Enter amount from Part I, Line 7, or recomputed 
          39                                              123456789012federal Form 4952 .  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16..  ______________________.00                                                                            39
          40                                                                                                                                                                                                                                                                      40
          41      17.                                                            123456789012Subtract Line 16 from Line 15 . Entry cannot be less than zero.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17..  ______________________.00                     41
          42                                                                                                                                                                                                                                                                      42
          43      18.                                                            123456789012Multiply Line 17 by 40%; enter result or $350,000, whichever is less .  . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18..  ______________________.00                      43
          44                                                                                                                                                                                                                                                                      44
          45     PART III            Capital Gain Exclusion                                                                                                                                                                                                                       45
          46                                                                  12345678901219. Enter the greater of Line 9 or Line 18  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19..  ______________________.00 46
          47                                                                                                                                                                                                                                                                      47
                  
          48                  20. Multiply ____________________________________123456789012.00                               x 40% .  Enter result here  . . . . . . . . . . . . . . . . . . . . 20..                      ______________________123456789012 .00                 48
          49                               Federal Taxable Income from Form FIT-161, Line 1                                                                                                                                                                                       49
          50                                                                                                                                                                                                                                                                      50
          51      21.       Enter the lesser of Line 19 or Line 20 .  This is the capital gain exclusion .                                                                                                                                                                        51
                                                                             123456789012Enter on Form FIT-161, Line 4b .  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21..  ______________________.00
          52                                                                                                                                                                                                                                                                      52
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          61                                                                                                                                                                                                                      Schedule FIT-162                                61
          62                                                                                                                                                                                                                                  Page 2 of 2                         62
          63                            5454                                                                                                                                                                                                     Rev. 10/23                       63
 0  0  0  0 640  0  0  0  0 1  1  1  1  1  1  1  1  1  1  2  2  2  2  2  2  2  2  2  2  3  3  3  3  3  3  3  3  3  3  4  4  4  4  4  4  4  4  4  4  5  5  5  5  5  5  5  5  5  5  6  6  6  6  6  6  6  6  6  6  7  7  7  7  7  7  7  7  7  8  8  8  8  8  8  8                    64
 1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5  6  7  8  9  0  1  2  3  4  5
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