Instructions for Schedule D (Form 1065) - Introductory Material


Future Developments

For the latest information about developments related to Schedule D (Form 1065) and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form1065.

What's New

Form 8949. Many transactions that, in previous years, would have been reported on Schedule D or Schedule D-1 must be reported on Form 8949, Sales and Other Dispositions of Capital Assets. For 2012, Schedule D (Form 1065) filers will not list separate capital asset transactions on Schedule D (Form 1065) or Schedule D-1 (Form 1065). Instead, Schedule D (Form 1065) filers that have transactions that must be reported on line 1, 2, 3, 8, 9, or 10, must complete Form 8949 before completing line 1, 2, 3, 8, 9, or 10. See the Instructions for Form 8949.

Form 8865. Filers of Form 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, will now use Schedule D (Form 1065) to report capital gains and losses.


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