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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
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          4                          Vermont Department of Taxes                                                                                                                                                                                                                                                                   4
          5                                                                                                                                                                                                                                                                                                                        5
          6                          2023 Schedule IN-153                                                                                                                         *231531100*                                                                                                                                      6
          7                                                                                                                                                                                                                                                                                                                        7
                            Vermont Capital Gains Exclusion                                                                                                                       *231531100*
          8                                                                                                                                                                                                                                                                                                                        8  Page 3
          9                                            Calculation                                                                                                                               INCLUDE WITH FORM IN-111                                                                                                          9
          10                                                                                                                                                                               Please PRINT in BLUE or BLACK INK                                                                                                       10
          11                                                                                                                                                                                                                                                                                                                       11
          12                                                                                                                                                                                                                                                                                                                       12
          13                         Taxpayer’s Last Name                                                                            First Name                                   MI                            Taxpayer’s Social Security Number                                                                                  13
          14                                                                                                                                                                                                                                                                                                                       14
                   1234567890123(17)       1234567890123(17)    1   123456789 
          15                                                                                                                                                                                                                                                                                                                       15
          16                                                                                                                                                                                                                                                                                                                       16
          17     PART I.                      FLAT EXCLUSION                                                                                                                                                                                                                                                                       17
          18       1.                                                               123456789Enter smaller of Line 15 or 16 from federal Form 1040, Schedule D  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .1.  ________________________.00                                                                        18
          19       2.       Enter amount from:                                                                                                                                                                                                                                                                                     19
          20                                                 123456789  2a. Federal Form 1040, Schedule D, Line 18  . . . . . . . . . . 2a. .    _________________________.00                                                                                                                                                      20
          21                                                                                                                                                                                                                                                                                                                       21
          22                                                 123456789  2b. Federal Form 1040, Schedule D, Line 19 .  . . . . . . . . .2b.  _________________________.00                                                                                                                                                           22
          23                                                                                                                                                                                                                                                                                                                       23
          24       3.                                                               123456789Add Lines 2a and 2b  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 3. .  . ________________________.  .  .  .  .  .  .  .  . .00              24
          25                                                                                                                                                                                                                                                                                                                       25 FORM  (Place at FIRST page)
          26       4.                                                               123456789Subtract Line 3 from Line 1 .  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 4. .  . ________________________.  .  .  .  .  .  .  .  . .00                26 Form pages 
          27                                                                                                                                                                                                                                                                                                                       27
          28     If you filed federal Form 4952, complete Lines 5 through 7                                                                                                                                                                                                                                                        28
          29       5.       Enter amount from:                                                                                                                                                                                                                                                                                     29
          30                                                 123456789  5a. Federal Form 4952, Line 4g  . . . . . . . . . . . . . . . . . . . . 5a. ._________________________.00                                                                                                                                                  30
          31                                                                                                                                                                                                                                                                                                                       31
                                                                                                                                                                                                                                                                                                                                      3 - 4
          32                                                1234567895b.  Federal Form 4952, Line 4e  . . . . . . . . . . . . . . . . . . . .5b.  _________________________.00                                                                                                                                                     32
          33                                                                                                                                                                                                                                                                                                                       33
          34      5c.                                                               123456789  Multiply Line 5a by Line 5b and enter result here  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 5c. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  . .00                 34
          35                                                                                                                                                                                                                                                                                                                       35
          36                                                1234567895d. Federal Form 4952, Line 4b  . . . . . . . . . . . . . . . . . . . .5d.  _________________________.00                                                                                                                                                      36
          37                                                                                                                                                                                                                                                                                                                       37
          38                                                 123456789  5e.  Federal Form 4952, Line 4e  . . . . . . . . . . . . . . . . . . . . 5e. ._________________________.00                                                                                                                                                 38
          39                                                                                                                                                                                                                                                                                                                       39
          40       6.                                                               123456789Add Lines 5d and 5e; enter result here  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  ..00  40
          41                                                                                                                                                                                                                                                                                                                       41
          42       7.                                                               123456789Divide Line 5c by Line 6; enter result here   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 7. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  . .00       42
          43                                                                                                                                                                                                                                                                                                                       43
          44       8.                                                               123456789Subtract Line 7 from Line 4 .  Entry cannot be less than zero  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 8. .  . ________________________.  .  .  .  .  .  .  .  .  .  .   .00                           44
          45                                                                                                                                                                                                                                                                                                                       45
          46       9.                                                               123456789Enter the smaller of Line 8 or $5,000  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 9. . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . .00. 46
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          61                                                                                                                                                                                                                         Schedule IN-153                                                                               61
          62                                                                                                                                                                                                                                  Page 1 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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 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                                            Taxpayer’s Last Name                                     Social Security Number                                                                                                                                                                                                    4
          5                                                                                                                                                                                                                                                                                                                               5
                         1234567890123(17)    123456789 
          6                                                                                                                                                                       *231531200*                                                                                                                                             6
          7                                                                                                                                                                                                                                                                                                                               7
                                                                                                                                                                                  *231531200*
          8                                                                                                                                                                                                                                                                                                                               8  Page 4
          9                                                                                                                                                                                                                                                                                                                               9
          10                                                                                                                                                                                                                                                                                                                              10
          11     PART II.                       PERCENTAGE EXCLUSION                                                                                                                                                                                                                                                                      11
                                                (Use this section only if you have eligible gains. See Technical Bulletin 60, Taxation of Gain on the Sale of Capital Assets, 
          12                                    for more information or continue on to Part III.)                                                                                                                                                                                                                                         12
          13                                                                                                                                                                                                                                                                                                                              13
          14                                                 12345678910. Enter the amount from Part I, Line 4  . . . . . . . . . . . . . . . . . . . . . 10. ._________________________.00                                                                                                                                               14
          15      11.    Enter amount of adjusted net capital gain from the sale of                                                                                                                                                                                                                                                       15
          16                                                123456789assets held for three years or less  . . . . . . . . . . . . . . . . . . . . . . . . 11. ._________________________.00                                                                                                                                               16
          17      12.       Assets held for more than three years . Subtract Line 11 from                                                                                                                                                                                                                                                 17
          18                                                123456789Line 10 .  Entry cannot be less than zero  . . . . . . . . . . . . . . . . . . . 12. ._________________________.00                                                                                                                                                   18
          19                                                                                                                                                                                                                                                                                                                              19
          20       Enter the amount of net adjusted capital gain from the sale of the following assets held for more than three years                                                                                                                                                                                                     20
          21                13a. Real estate or portion of real estate used as a primary                                                                                                                                                                                                                                                  21
          22                                                123456789 or nonprimary home  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a. ._________________________.00                                                                                                                                                    22
          23                13b. Depreciable personal property                                                                                                                                                                                                                                                                            23
          24                                                123456789 (except for farm property or standing timber)  . . . . . . . . .13b.  _________________________.00                                                                                                                                                                  24
          25             13c.    Stocks or bonds publicly traded or traded on an                                                                                                                                                                                                                                                          25 FORM  (Place at LAST page)
          26                                                123456789 exchange or any other financial instruments  . . . . . . . . . . 13c. .    _________________________.00                                                                                                                                                             26 Form pages 
          27                                                                                                                                                                                                                                                                                                                              27
          28      14.                                           123456789Add Lines 13a through 13c  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. ._________________________.00                                                                                                                                           28
          29                                                                                                                                                                                                                                                                                                                              29
                  15.       Subtract Line 14 from Line 12; enter result here . 
          30                Entry cannot be less than zero . This is the amount                                                                                                                                                                                                                                                           30
          31                                                123456789of net adjusted capital gain eligible for exclusion   . . . . . . . . . . . 15. ._________________________.00                                                                                                                                                        31
                                                                                                                                                                                                                                                                                                                                             3 - 4
          32                                                                                                                                                                                                                                                                                                                              32
          33     Line 16  Federal Form 4952 information. If no investment interest expense for ineligible assets was reported on federal Form 4952, enter Line 7 from                                                                                                                                                                     33
          34                Part I of this form . Otherwise, you may need to recompute Form 4952 to reflect only investment interest income for assets eligible for the capital                                                                                                                                                           34
          35                gains exclusion .                                                                                                                                                                                                                                                                                             35
          36      16.       Enter amount from Part I, Line 7 or recomputed                                                                                                                                                                                                                                                                36
          37                                                123456789federal Form 4952  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. ._________________________.00                                                                                                                                         37
          38                                                                                                                                                                                                                                                                                                                              38
          39      17.                                                               123456789  Subtract Line 16 from Line 15  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 17. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . .00. 39
          40                                                                                                                                                                                                                                                                                                                              40
          41      18.                                                               123456789  Multiply Line 17 by 40%; enter result or $350,000, whichever is less .    . . . . . . . . . . . . . . . . . . . . . . . . . . 18. . ________________________.00                                                                            41
          42                                                                                                                                                                                                                                                                                                                              42
          43     PART III.                      CAPITAL GAINS EXCLUSION                                                                                                                                                                                                                                                                   43
          44      19.                                                               123456789  Enter the greater of Line 9 or Line 18  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 19. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  . .00        44
          45                                                                                                                                                                                                                                                                                                                              45
          46                20.  Multiply _________________________ 123456789.00                                        x 40% and enter result here  . . . . . . . . . . . . . . . . . . . . . . . . . . .  .20.  ________________________123456789                                                        .00                            46
          47                                     Federal Taxable Income                                                                                                                                                                                                                                                                   47
          48      21.    Enter the smaller of Line 19 or Line 20 . This is your capital gains exclusion .                                                                                                                                                                                                                                 48
          49                                                                    123456789Enter on Schedule IN-112, Part I, Line 8  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 21. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  . .00                  49
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          61                                                                                                                                                                                                                         Schedule IN-153                                                                                      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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