Finance
Vermont's capital gains tax on real estate may apply when:
AAny property is purchased in Vermont
BA Vermont property is sold and the seller realizes a gain, subject to federal capital gains rules and potential Vermont income tax✓ Correct
COnly commercial properties are sold
DProperties are rented for income
Explanation
Vermont taxes capital gains as ordinary income. When Vermont real estate is sold at a profit, the gain may be subject to both federal capital gains tax and Vermont income tax, unless excluded (e.g., primary residence exclusion).
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