Capital Gains and Losses


Introduction

These instructions explain how to complete Schedule D (Form 1040). Complete Form 8949 before you complete line 1b, 2, 3, 8b, 9, or 10 of Schedule D.

Use Schedule D:

  • To figure the overall gain or loss from transactions reported on Form 8949,

  • To report certain transactions you do not have to report on Form 8949,

  • To report a gain from Form 2439 or 6252 or Part I of Form 4797,

  • To report a gain or loss from Form 4684, 6781, or 8824,

  • To report a gain or loss from a partnership, S corporation, estate or trust,

  • To report 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), and

  • To report a capital loss carryover from 2013 to 2014.

Additional information.   See Pub. 544 and Pub. 550 for more details.

Future Developments

For the latest information about developments related to Schedule D and its instructions, such as legislation enacted after they were published, go to www.irs.gov/scheduled.

What's New

Form 1099-B.   Form 1099-B has been redesigned so that the information on it is reported in boxes that are numbered to match the corresponding line and column on Form 8949. A new box has also been added at the top of Form 1099-B to tell you which box to check when completing Form 8949. These changes will make it easier for you to complete Form 8949.

  A Form 1099-B (or substitute statement) for transactions involving certain types of debt instruments acquired after 2013 will have more detailed information than a Form 1099-B (or substitute statement) for transactions involving debt instruments acquired before 2014. This is also true for a Form 1099-B (or substitute statement) for options granted or acquired after 2013 or securities futures contracts entered into after 2013. This additional information will help you complete Form 8949 and Schedule D.


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