Page 4
Schedule IN-153
Rev. 10/20Page 2 of 2
Taxpayer’s Last Name Social Security Number
FORM (Place at LAST page)
Form pages
3 - 4
*201531200*
*201531200*
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.)
10. Enter the amount from Part I, Line 4 ......................10. _________________________ .00
11. Enter amount of adjusted net capital gain from the sale of
assets held for three years or less .........................11. _________________________ .00
12. Assets held for more than three years. Subtract Line 11 from
Line 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
or nonprimary home ..............................13a. _________________________ .00
13b. Depreciable personal property
(except for farm property or standing timber) ......... 13b. _________________________ .00
13c. Stocks or bonds publicly traded or traded on an
exchange or any other financial instruments ...........13c. _________________________ .00
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
of net adjusted capital gain eligible for exclusion ............15. _________________________ .00
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
gain exclusion.
16. Enter amount from Part I, Line 7 or recomputed
federal Form 4952 .....................................16. _________________________ .00
17. Subtract Line 16 from Line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. ________________________ .00
18. Multiply Line 17 by 40%; enter result or $350,000, whichever is less. ...........................18. ________________________ .00
PART III. CAPITAL GAIN EXCLUSION
19. Enter the greater of Line 9 or Line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. ________________________ .00
20. Multiply _________________________ x 40% and enter result here ............................20. ________________________ .00
Federal Taxable Income
21. Enter the smaller of Line 19 or Line 20. This is your capital gain exclusion.
Enter on Schedule IN-112, Part I, Line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21. ________________________ .00
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