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Change: Schedule D-1 (Form 1041) Will No Longer be Revised or Used, Beginning with Tax Year 2013 -- 24-JAN-2014

Beginning with tax year 2013, Schedule D-1 (Form 1041), Continuation Sheet for Schedule D (Form 1041), will no longer be revised or used to report capital gain and loss transactions. Schedule D-1 (Form 1041) will become a historical form, and prior-year versions of the form can only be used when filing a late or amended return. For example, you would use a tax year 2012 Schedule D-1 (Form 1041), as necessary, to report transactions when filing a late or amended Form 1041 for tax year 2012.

For tax years 2013 and later, many transactions that in previous years would have been reported on Schedule D (Form 1041) or Schedule D-1 (Form 1041) must now be reported on Form 8949, Sales and Other Dispositions of Capital Assets. Certain transactions may be combined and the totals reported on line 1a or 8a of Schedule D (Form 1041) without completing Form 8949.  For more information, see the 2013 Instructions for Schedule D (Form 1041) and the 2013 Instructions for Form 8949.

Page Last Reviewed or Updated: 24-Jan-2014