Vermont Department of Taxes 

             2023 Schedule IN-153                                                                                                *231531100*
      Vermont Capital Gains Exclusion                                                                                            *231531100*
                                                                                                                                                                                                                                                                                                                   Page 3
                        Calculation                                                                                                             INCLUDE WITH FORM IN-111
                                                                                                                                          Please PRINT in BLUE or BLACK INK

                Taxpayer’s Last Name                                                     First Name                                 MI                           Taxpayer’s Social Security Number
  1234567890123(17)       1234567890123(17)    1   123456789 

PART I.             FLAT EXCLUSION
                                                               123456789  1. Enter smaller of Line 15 or 16 from federal Form 1040, Schedule D  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .1.  ________________________.00
  2.  Enter amount from:
                                           123456789   2a. Federal Form 1040, Schedule D, Line 18  . . . . . . . . . . 2a. ._________________________.00

                                           123456789   2b. Federal Form 1040, Schedule D, Line 19 .  . . . . . . . . .2b.  _________________________.00

                                                               123456789  3. Add Lines 2a and 2b  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 3. .  . ________________________.  .  .  .  .  .  .  .  . .00
                                                                                                                                                                                                                                                                                                                   FORM  (Place at FIRST page)
  4.                                                               123456789Subtract Line 3 from Line 1 .  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 4. .  . ________________________.  .  .  .  .  .  .  .  . .00                 Form pages 

If you filed federal Form 4952, complete Lines 5 through 7
  5.  Enter amount from:
                                           123456789   5a. Federal Form 4952, Line 4g  . . . . . . . . . . . . . . . . . . . . 5a. ._________________________.00
                                                                                                                                                                                                                                                                                                                   3 - 4
                                           1234567895b.  Federal Form 4952, Line 4e  . . . . . . . . . . . . . . . . . . . .5b.  _________________________.00

                                                               123456789 5c.  Multiply Line 5a by Line 5b and enter result here  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 5c. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  . .00

                                           1234567895d. Federal Form 4952, Line 4b  . . . . . . . . . . . . . . . . . . . .5d.  _________________________.00

                                           123456789   5e.  Federal Form 4952, Line 4e  . . . . . . . . . . . . . . . . . . . . 5e. ._________________________.00

                                                               123456789  6. Add Lines 5d and 5e; enter result here  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  ..00

                                                               123456789  7. Divide Line 5c by Line 6; enter result here   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 7. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  . .00

                                                               123456789  8. Subtract Line 7 from Line 4 .  Entry cannot be less than zero  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 8. .  . ________________________.  .  .  .  .  .  .  .  .  .  .   .00

                                                               123456789  9. Enter the smaller of Line 8 or $5,000  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 9. . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . .00. 

                                                                                                                                                                               Schedule IN-153
                                                                                                                                                                                        Page 1 of 2
                5454                                                                                                                                                                       Rev. 10/23

                          Taxpayer’s Last Name                       Social Security Number
        1234567890123(17)    123456789 
                                                                                                                            *231531200*
                                                                                                                            *231531200*
                                                                                                                                                                                                                                                                                                                         Page 4

PART II.                  PERCENTAGE EXCLUSION 
                          (Use this section only if you have eligible gains. See Technical Bulletin 60, Taxation of Gain on the Sale of Capital Assets, 
                          for more information or continue on to Part III.)

                                           123456789 10. Enter the amount from Part I, Line 4  . . . . . . . . . . . . . . . . . . . . . 10. ._________________________.00
 11.  Enter amount of adjusted net capital gain from the sale of   
                                           123456789assets held for three years or less  . . . . . . . . . . . . . . . . . . . . . . . . 11. ._________________________.00
 12.  Assets held for more than three years . Subtract Line 11 from  
                                           123456789Line 10 .  Entry cannot be less than zero  . . . . . . . . . . . . . . . . . . . 12. ._________________________.00
  Enter the amount of net adjusted capital gain from the sale of the following assets held for more than three years
      13a. Real estate or portion of real estate used as a primary  
                                           123456789 or nonprimary home  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a. ._________________________.00
      13b. Depreciable personal property 
                                           123456789 (except for farm property or standing timber)  . . . . . . . . .13b.  _________________________.00
      13c. Stocks or bonds publicly traded or traded on an                                                                                                                                                                                                                                                               FORM  (Place at LAST page)
                                           123456789 exchange or any other financial instruments  . . . . . . . . . . 13c. ._________________________.00                                                                                                                                                                 Form pages 

                                           123456789 14. Add Lines 13a through 13c  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. ._________________________.00
 15.  Subtract Line 14 from Line 12; enter result here . 
      Entry cannot be less than zero . This is the amount 
                                           123456789of net adjusted capital gain eligible for exclusion   . . . . . . . . . . . 15. ._________________________.00                                                                                                                                                        3 - 4

Line 16  Federal Form 4952 information. If no investment interest expense for ineligible assets was reported on federal Form 4952, enter Line 7 from 
      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 
      gains exclusion .
 16.  Enter amount from Part I, Line 7 or recomputed  
                                           123456789federal Form 4952  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. ._________________________.00

                                                               123456789 17.  Subtract Line 16 from Line 15  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 17. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . .00. 

                                                               123456789 18.  Multiply Line 17 by 40%; enter result or $350,000, whichever is less .    . . . . . . . . . . . . . . . . . . . . . . . . . . 18. . ________________________.00
PART III.                 CAPITAL GAINS EXCLUSION
                                                               123456789 19.  Enter the greater of Line 9 or Line 18  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 19. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  . .00

           20.  Multiply _________________________ 123456789.00                                        x 40% and enter result here  . . . . . . . . . . . . . . . . . . . . . . . . . . .  .20.  ________________________123456789                                                        .00 
                           Federal Taxable Income
 21.  Enter the smaller of Line 19 or Line 20 . This is your capital gains exclusion . 
                                                               123456789Enter on Schedule IN-112, Part I, Line 8  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 21. .  . ________________________.  .  .  .  .  .  .  .  .  .  .  .  .  .  . .00

                                                                                                                                                                                Schedule IN-153
                                                                                                                                                                                                 Page 2 of 2
                5454                                                                                                                                                                             Rev. 10/23