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 don't 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 2014 to 2015.

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

100% exclusion of gain on qualified small business (QSB) stock.   You can exclude up to 100% of the gain on QSB stock that you acquired after September 27, 2010 and held for more than 5 years.


More Online Instructions