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Capital Gains and Losses

Table of Contents

Introduction

Use Schedule D (Form 1040) to report the following.

  • The sale or exchange of a capital asset (defined on this page) not reported on another form or schedule.

  • Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit.

  • Capital gain distributions not reported directly on Form 1040, line 13 (or effectively connected capital gain distributions not reported directly on Form 1040NR, line 14).

  • Nonbusiness bad debts.

Additional information.   See Pub. 544 and Pub. 550 for more details. For a comprehensive filled-in example of Schedule D, see Pub. 550.

What's New

Sale of your home.   Gain from the sale of your main home that is from a period of nonqualified use can no longer be excluded from your income. A period of nonqualified use is any time after 2008 when the property was not used as your main home. See Pub. 523 for details and exceptions.

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