Corporations that elect to be S corporations use Schedule D (Form 1120-S) to report: Capital gains and losses. Sales or exchanges of capital assets. Gains on distributions to shareholders of appreciated capital assets. Current Revision Schedule D (Form 1120-S) PDF Instructions for Schedule D (Form 1120-S) (Print Version PDF) Recent Developments Extension of Empowerment Zone Designation -- 08-MAR-2021 Other Items You May Find Useful All Schedule D (Form 1120S) Revisions About Publication 541, Partnerships About Publication 544, Sales and Other Dispositions of Assets About Publication 550, Investment Income and Expenses Other Current Products Related Items About Form 1120-S, U.S. Income Tax Return for an S Corporation About Form 1120-S Related Schedules About Form 4562, Depreciation and Amortization (Including Information on Listed Property) About Form 4684, Casualties and Thefts About Form 4797, Sales of Business Property About Form 6252, Installment Sale Income About Form 6781, Gains and Losses From Section 1256 Contracts and Straddles About Form 8824, Like-Kind Exchanges About Form 8827, Credit for Prior Year Minimum Tax - Corporations About Form 8949, Sales and other Dispositions of Capital Assets
