In 153 2026

1. Click ‘Get Form’ to open the IN-153 document in the editor.
2. Begin by filling in your personal information at the top of the form, including your last name, first name, middle initial, and Social Security number.
3. In Part I, enter the smaller amount from Line 15 or 16 of your federal Form 1040, Schedule D on Line 1. Follow this by entering amounts from Lines 18 and 19 of Schedule D on Lines 2a and 2b respectively.
4. Add Lines 2a and 2b for Line 3. Then subtract Line 3 from Line 1 for Line 4. If you filed federal Form 4952, continue completing Lines 5 through 7 as instructed.
5. Proceed to Part II if applicable, where you will calculate the percentage exclusion based on your eligible gains. Complete each line carefully as per the instructions provided.
6. Finally, in Part III, determine your capital gain exclusion by comparing values from previous lines and entering them accordingly.

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