Form Schedule D (Form 1 Schedule D (Form 1 Capital Gains and Losses and Built-in Gains

SCHEDULE D
(Form 1120S)

OMB No. 1545-0130

Capital Gains and Losses and Built-In Gains
©

Department of the Treasury
Internal Revenue Service

©

2007

Attach to Form 1120S.

See separate instructions.

Name

Employer identification number

Part I

Short-Term Capital Gains and Losses—Assets Held One Year or Less

(a) Description of property
(Example: 100 shares of Z Co.)

(b) Date acquired
(mo., day, yr.)

(c) Date sold
(mo., day, yr.)

(d) Sales price

(e) Cost or
other basis
(see instructions)

(f) Gain or (loss)
(Subtract (e) from (d))

1

2
3
4
5
6

Short-term capital gain from installment sales from Form 6252, line 26 or 37
Short-term capital gain or (loss) from like-kind exchanges from Form 8824
Combine lines 1 through 3 in column (f)
Tax on short-term capital gain included on line 21 below
Net short-term capital gain or (loss). Combine lines 4 and 5. Enter here and on Form 1120S,
Schedule K, line 7 or 10

Part II

2
3
4
5

(

)

6

Long-Term Capital Gains and Losses—Assets Held More Than One Year

(a) Description of property
(Example: 100 shares of Z Co.)

(b) Date acquired
(mo., day, yr.)

(c) Date sold
(mo., day, yr.)

(d) Sales price

(e) Cost or
other basis
(see instructions)

(f) Gain or (loss)
(Subtract (e) from (d))

7

8
9
10
11
12
13

Long-term capital gain from installment sales from Form 6252, line 26 or 37
Long-term capital gain or (loss) from like-kind exchanges from Form 8824
Capital gain distributions
Combine lines 7 through 10 in column (f)
Tax on long-term capital gain included on line 21 below
Net long-term capital gain or (loss). Combine lines 11 and 12. Enter here and on Form 1120S,
Schedule K, line 8a or 10

Part III
14
15
16
17
18
19
20
21

8
9
10
11
12 (

)

13

Built-In Gains Tax (See instructions before completing this part.)

Excess of recognized built-in gains over recognized built-in losses (attach computation schedule)
Taxable income (attach computation schedule)
Net recognized built-in gain. Enter the smallest of line 14, line 15, or line 6 of Schedule B
Section 1374(b)(2) deduction
Subtract line 17 from line 16. If zero or less, enter -0- here and on line 21
Enter 35% of line 18
Section 1374(b)(3) business credit and minimum tax credit carryforwards from C corporation years
Tax. Subtract line 20 from line 19 (if zero or less, enter -0-). Enter here and on Form 1120S,
page 1, line 22b

For Paperwork Reduction Act Notice, see the Instructions for Form 1120S.

Cat. No. 11516V

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15
16
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19
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21
Schedule D (Form 1120S) 2007