Form Schedul D (1120) Schedul D (1120) Capital Gains and Losses

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Instructions for Schedule D (Form 1120)

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(Init. & date)

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2008

Department of the Treasury
Internal Revenue Service

Instructions for Schedule D
(Form 1120)
Capital Gains and Losses
Section references are to the Internal
Revenue Code unless otherwise noted.

What’s New
• For tax years ending after May 22,

2008, and tax years beginning before
May 24, 2009, if a corporation has
both a net capital gain and a qualified
timber gain, a maximum 15% capital
gain tax rate may apply to the
qualified timber gain. Use new Part IV
to figure the corporation’s special
alternative tax. See the instructions
for Part IV.
• Gain or loss recognized by any
applicable financial institution from
the sale or exchange of applicable
preferred stock is ordinary gain or
loss. An applicable financial institution
includes a financial institution defined
in section 582(c)(2), or a depository
institution holding company defined in
section 3(w)(1) of the Federal Deposit
Insurance Act. Applicable preferred
stock is preferred stock of the Federal
National Mortgage Association
(Fannie Mae), or the Federal Home
Loan Mortgage Corporation (Freddie
Mac) that was (1) held by the
applicable financial institution on
September 6, 2008, or (2) sold or
exchanged by the applicable financial
institution after December 31, 2007,
and before September 7, 2008.

General Instructions
Purpose of Schedule
Use Schedule D to report sales and
exchanges of capital assets and
gains on distributions to shareholders
of appreciated capital assets.
Generally, report every sale or
exchange of a capital asset (including
like-kind exchanges) on this schedule
even if there is no gain or loss.
Note. For more information, see
Pub. 544, Sales and Other
Dispositions of Assets.

Other Forms the
Corporation May Have
To File
Use Form 4797, Sales of Business
Property, to report the following.
• The sale or exchange of:
1. Property used in a trade or
business;
2. Depreciable and amortizable
property;
3. Oil, gas, geothermal, or other
mineral property; and
4. Section 126 property.
• The involuntary conversion (other
than from casualty or theft) of
property and capital assets held for
business or profit.
• The disposition of noncapital
assets other than inventory or
property held primarily for sale to
customers in the ordinary course of
the corporation’s trade or business.
• The section 291 adjustment to
section 1250 property.
Use Form 4684, Casualties and
Thefts, to report involuntary
conversions of property due to
casualty or theft.
Use Form 6781, Gains and Losses
From Section 1256 Contracts and
Straddles, to report gains and losses
from section 1256 contracts and
straddles.
Use Form 8824, Like-Kind
Exchanges, if the corporation made
one or more “like-kind” exchanges. A
like-kind exchange occurs when the
corporation exchanges business or
investment property for property of a
like kind. For exchanges of capital
assets, include the gain or (loss) from
Form 8824, if any, on line 3 or line 9.

Capital Assets
Each item of property the corporation
held (whether or not connected with
its trade or business) is a capital
asset except the following. See
section 1221(a).
• Stock in trade or other property
included in inventory or held mainly
Cat. No. 26358T

for sale to customers. However, see
the Note on this page.
• Accounts or notes receivable
acquired in the ordinary course of the
trade or business for services
rendered or from the sale of stock in
trade or other property included in
inventory or held mainly for sale to
customers.
• Depreciable or real property used
in the trade or business, even if it is
fully depreciated.
• Certain copyrights; literary,
musical, or artistic compositions;
letters or memoranda; or similar
property. See section 1221(b)(3).
However, see the Note on this page.
• U.S. Government publications,
including the Congressional Record,
that the corporation received from the
Government, other than by purchase
at the normal sales price, or that the
corporation got from another taxpayer
who had received it in a similar way, if
the corporation’s basis is determined
by reference to the previous owner’s
basis.
• Certain commodities derivative
financial instruments held by a dealer
not in connection with its dealer
activities.
• Certain identified hedging
transactions entered into in the
normal course of the trade or
business.
• Supplies regularly used in the trade
or business.
Note. The corporation can elect to
treat as capital assets certain musical
compositions or copyrights it sold or
exchanged. See section 1221(b)(3)
and Pub. 550 for details.
Capital losses. Capital losses are
allowed only to the extent of capital
gains. A net capital loss is carried
back 3 years and forward up to 5
years as a short-term capital loss.
Carry back a capital loss to the extent
it does not increase or produce a net
operating loss in the tax year to which
it is carried. Foreign expropriation
capital losses cannot be carried back,
but are carried forward up to 10
years. A net capital loss of a

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Instructions for Schedule D (Form 1120)

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regulated investment company (RIC)
is carried forward up to 8 years.

Items for Special Treatment
Gain from installment sales. If the
corporation sold property at a gain
and it will receive a payment in a tax
year after the year of sale, it generally
must report the sale on the
installment method unless it elects
not to. However, the installment
method may not be used to report
sales of stock or securities traded on
an established securities market.
Use Form 6252, Installment Sale
Income, to report the sale on the
installment method. Also use Form
6252 to report any payment received
during the tax year from a sale made
in an earlier year that was reported
on the installment method. To elect
out of the installment method, report
the full amount of the gain on
Schedule D for the year of the sale
on a return filed by the due date
(including extensions). If the original
return was filed on time without
making the election, the corporation
may make the election on an
amended return filed no later than 6
months after the original due date
(excluding extensions). Write “Filed
pursuant to section 301.9100-2” at
the top of the amended return.
Rollover of gain from
empowerment zone assets. If the
corporation sold a qualified
empowerment zone asset held for
more than 1 year, it may be able to
elect to postpone part or all of the
gain that would otherwise be included
on Schedule D. If the corporation
makes the election, the gain on the
sale generally is recognized only to
the extent, if any, that the amount
realized on the sale exceeds the cost
of qualified empowerment zone
assets (replacement property) the
corporation purchased during the
60-day period beginning on the date
of the sale. The following rules apply.
• No portion of the cost of the
replacement property may be taken
into account to the extent the cost is
taken into account to exclude gain on
a different empowerment zone asset.
• The replacement property must
qualify as an empowerment zone
asset with respect to the same
empowerment zone as the asset
sold.
• The corporation must reduce the
basis of the replacement property by
the amount of postponed gain.
• This election does not apply to any
gain (a) treated as ordinary income or
(b) attributable to real property, or an

intangible asset, which is not an
integral part of an enterprise zone
business.
• The District of Columbia enterprise
zone is not treated as an
empowerment zone for this purpose.
• The election is irrevocable without
IRS consent.
See Pub. 954, Tax Incentives for
Distressed Communities, for the
definition of empowerment zone and
enterprise zone business. The
corporation can find out if its business
is located within an empowerment
zone by using the RC/EZ/EC Address
Locator at http://www.hud.gov/
crlocator.
Qualified empowerment zone
assets are:
• Tangible property, if:
1. The corporation acquired the
property after December 21, 2000,
2. The original use of the property
in the empowerment zone began with
the corporation, and
3. Substantially all of the use of
the property, during substantially all
of the time that the corporation held it,
was in the corporation’s enterprise
zone business; and
• Stock in a domestic corporation or
a capital or profits interest in a
domestic partnership, if:
1. The corporation acquired the
stock or partnership interest after
December 21, 2000, solely in
exchange for cash, from the
corporation at its original issue
(directly or through an underwriter) or
from the partnership;
2. The business was an enterprise
zone business (or a new business
being organized as an enterprise
zone business) as of the time the
corporation acquired the stock or
partnership interest; and
3. The business qualified as an
enterprise zone business during
substantially all of the time during
which the corporation held the stock
or partnership interest.
How to report. Report the entire
gain realized from the sale as the
corporation otherwise would, without
regard to the election. On Schedule
D, line 6, enter “Section 1397B
Rollover” in column (a) and enter as a
loss in column (f) the amount of gain
included on Schedule D that the
corporation is electing to postpone. If
the corporation is reporting the sale
directly on Schedule D, line 6, use the
line directly below the line on which
the sale is reported.
See section 1397B for more
details.
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Gain on distributions of
appreciated property. Generally,
gain (but not loss) is recognized on a
nonliquidating distribution of
appreciated property to the extent
that the property’s fair market value
(FMV) exceeds its adjusted basis.
See section 311.
Exclusion of gain from DC Zone
assets. If the corporation sold or
exchanged a District of Columbia
Enterprise Zone (DC Zone) asset
held for more than 5 years, it may
exclude any qualified capital gain.
The exclusion applies to an interest
in, or property of, certain businesses
operating in the District of Columbia.
DC Zone asset. A DC Zone asset
is any of the following.
• DC Zone business stock.
• DC Zone partnership interest.
• DC Zone business property.
Qualified capital gain. Qualified
capital gain is any gain recognized on
the sale or exchange of a DC Zone
asset, but does not include any of the
following.
• Gain treated as ordinary income
under section 1245.
• Section 1250 gain figured as if
section 1250 applied to all
depreciation rather than the additional
depreciation.
• Gain attributable to real property,
or an intangible asset, that is not an
integral part of a DC Zone business.
• Gain from a related-party
transaction. See Sales and
Exchanges Between Related Persons
in chapter 2 of Pub. 544.
See Pub. 954 and section 1400B
for more details on DC Zone assets
and special rules.
How to report. Report the entire
gain realized from the sale or
exchange as the corporation
otherwise would without regard to the
exclusion. On Schedule D, line 6,
enter “DC Zone Asset” in column (a)
and enter as a loss in column (f) the
amount of the allowable exclusion. If
reporting the sale directly on
Schedule D, line 6, use the line
directly below the line on which the
corporation is reporting the sale.
Exclusion of gain from qualified
community assets. If the
corporation sold or exchanged a
qualified community asset acquired
after December 31, 2001, and held
for more than 5 years, it may be able
to exclude any qualified capital gain.
The exclusion applies to an interest
in, or property of, certain renewal
community businesses.

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Qualified community asset. A
qualified community asset is any of
the following.
• Qualified community stock.
• Qualified community partnership
interest.
• Qualified community business
property.
Qualified capital gain. Qualified
capital gain is any gain recognized on
the sale or exchange of a qualified
community asset, but does not
include any of the following.
• Gain treated as ordinary income
under section 1245.
• Section 1250 gain figured as if
section 1250 applied to all
depreciation rather than the additional
depreciation.
• Gain attributable to real property,
or an intangible asset, that is not an
integral part of a qualified community
business.
• Gain from a related-party
transaction. See Sales and
Exchanges Between Related Persons
in chapter 2 of Pub. 544.
See Pub. 954 and section 1400F
for more details on qualified
community assets and special rules.
How to report. Report the entire
gain realized from the sale or
exchange as the corporation
otherwise would without regard to the
exclusion. On Schedule D, line 6,
enter “Qualified Community Asset” in
column (a) and enter as a loss in
column (f) the amount of the
allowable exclusion. If reporting the
sale directly on Schedule D, line 6,
use the line directly below the line on
which the corporation is reporting the
sale.
Gain on the constructive sale of
certain appreciated financial
positions. Generally, if the
corporation holds an appreciated
financial position in stock or certain
other interests, it may have to
recognize gain (but not loss) if it
enters into a constructive sale (such
as a “short sale against the box”).
See Pub. 550, Investment Income
and Expenses.
Gain from certain constructive
ownership transactions. Gain in
excess of the underlying net
long-term capital gain the corporation
would have recognized if it had held a
financial asset directly during the term
of a derivative contract must be
treated as ordinary income. See
section 1260. If any portion of the
constructive ownership transaction
was open in any prior year, the
corporation may have to pay interest.

See section 1260(b) for details,
including how to figure the interest.
Include the interest as an additional
tax on Form 1120, Schedule J, line 9
(or the applicable line for other
income tax returns).
Rollover of publicly traded
securities gain into specialized
small business investment
companies (SSBICs). If the
corporation sold publicly traded
securities, it may elect under section
1044(a) to postpone all or part of the
gain on that sale if it bought common
stock or a partnership interest in an
SSBIC during the 60-day period that
began on the date of the sale. An
SSBIC is any partnership or
corporation licensed by the Small
Business Administration under
section 301(d) of the Small Business
Investment Act of 1958. The
corporation must recognize gain to
the extent the sale proceeds exceed
the cost (not taken into account
previously) of its SSBIC stock or
partnership interest purchased during
the 60-day period that began on the
date of the sale. The gain a
corporation may postpone each tax
year is limited to the smaller of (a) $1
million, reduced by the gain
previously excluded under section
1044(a) or (b) $250,000. Reduce the
basis of the SSBIC stock or
partnership interest by any postponed
gain.
To make the election, report the
entire gain realized on the sale on
line 1 or 6, whichever applies, in
column (f). Directly below the line on
which the gain is reported, enter in
column (a), “SSBIC Rollover.” Enter
the amount of the postponed gain (in
parentheses) in column (f). Also
attach a schedule showing (a) how
the postponed gain was figured, (b)
the name of the SSBIC stock in which
the common stock or partnership
interest was purchased, (c) the date
of that purchase, and (d) the new
basis in that SSBIC stock or
partnership interest. For more details,
see section 1044 and Regulations
section 1.1044(a)-1.
The corporation must make the
election no later than the due date
(including extensions) for filing its tax
return for the year in which it sold the
securities or partnership interest. If
the original return was filed on time
without making the election, the
corporation may make the election on
an amended return filed no later than
6 months after the original due date
(excluding extensions). Write “Filed
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pursuant to section 301.9100-2” at
the top of the amended return.
Gain on disposition of market
discount bonds. See section 1276
for rules on the disposition of market
discount bonds.
Gains on certain insurance
property. Form 1120-L filers with
gains on property held on December
31, 1958, and certain substituted
property acquired after 1958, should
see section 818(c).
Gains and losses from passive
activities. A closely held or personal
service corporation that has a gain or
loss that relates to a passive activity
(section 469) may be required to
complete Form 8810, Corporate
Passive Activity Loss and Credit
Limitations, before completing
Schedule D. A Schedule D loss may
be limited under the passive activity
rules. See Form 8810.
Gains and losses of foreign
corporations from the disposition
of investment in U.S. real property.
Foreign corporations must report
gains and losses from the disposition
of U.S. real property interests. See
section 897.
Gain or loss on distribution of
property in complete liquidation.
Generally, gain or loss is recognized
on property distributed in a complete
liquidation. Treat the property as if it
had been sold at its FMV. An
exception to this rule applies for
liquidations of certain subsidiaries.
See sections 336 and 337 for more
information and other exceptions to
the general rules.
Gain or loss on certain asset
transfers to a tax-exempt entity. A
taxable corporation that transfers all
or substantially all of its assets to a
tax-exempt entity or converts from a
taxable corporation to a tax-exempt
entity in a transaction other than a
liquidation generally must recognize
gain or loss as if it had sold the
assets transferred at their FMV. For
details and exceptions, see
Regulations section 1.337(d)-4.
Gain or loss on an option to buy or
sell property. See sections 1032
and 1234 for the rules that apply to a
purchaser or grantor of an option or a
securities futures contract (as defined
in section 1234B). See Pub. 550 for
details.
Gain or loss from a short sale of
property. Report the gain or loss to
the extent that the property used to
close the short sale is considered a
capital asset in the hands of the
taxpayer.

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Gain or loss on certain short-term
federal, state, and municipal
obligations (other than tax-exempt
organizations). These obligations
are treated as capital assets in
determining gain or loss. On any gain
realized, a portion is treated as
ordinary income and any remaining
balance as a short-term capital gain.
See section 1271.
At-risk limitations (section 465). If
the corporation sold or exchanged a
capital asset used in an activity to
which the at-risk rules apply, combine
the gain or loss on the sale or
exchange with the profit or loss from
the activity. If the result is a net loss,
complete Form 6198, At-Risk
Limitations. Report any gain from the
capital asset on Schedule D and on
Form 6198.
Loss from a sale or exchange
between the corporation and a
related person. Except for
distributions in complete liquidation of
a corporation, no loss is allowed from
the sale or exchange of property
between the corporation and certain
related persons. See section 267.
Loss from a wash sale. The
corporation cannot deduct a loss from
a wash sale of stock or securities
(including contracts or options to
acquire or sell stock or securities)
unless the corporation is a dealer in
stock or securities and the loss was
sustained in a transaction made in
the ordinary course of the
corporation’s trade or business. A
wash sale occurs if the corporation
acquires (by purchase or exchange),
or has a contract or option to acquire,
substantially identical stock or
securities within 30 days before or
after the date of the sale or
exchange. See section 1091.
Loss from securities that are
capital assets that become
worthless during the year. Except
for securities held by a bank, treat the
loss as a capital loss as of the last
day of the tax year. See section 582
for the rules on the treatment of
securities held by a bank.
Losses limited after an ownership
change or acquisition. If the
corporation has undergone an
“ownership change” as defined in
section 382(g), section 383 may limit
the amount of capital gains that may
be offset by prechange capital losses.
Also, if a corporation acquires control
of another corporation (or acquires its
assets in a reorganization),
section 384 may limit the amount of
recognized built-in capital gains that

may be offset by preaquisition capital
losses.
Loss from the sale or exchange of
capital assets of an insurance
company taxable under
section 831. Capital losses of a
casualty insurance company are
deductible to the extent that the
assets were sold to meet abnormal
insurance losses or to provide for the
payment of dividend and similar
distributions to policyholders. See
section 834(c)(6).
Gains and losses from
partnerships. Report the
corporation’s share of capital gains
and losses from investments in
partnerships. Report a net short-term
capital gain (loss) in Part I. On line 1,
column (a), write “From Schedule K-1
(Form 1065).” Enter the amount of
the gain (loss) in column (f). Report
net long-term capital gains (losses) in
Part II. On line 6, column (a), enter
“From Schedule K-1 (Form 1065).”
Enter the amount of the gain (loss) in
column (f).

Specific Instructions
Parts I and II
In Part I, report the sale, exchange, or
distribution of capital assets held 1
year or less. In Part II, report the sale,
exchange, or distribution of capital
assets held more than 1 year. Use
the trade dates for the dates of
acquisition and sale of stocks and
bonds traded on an exchange or
over-the-counter market.
Column (b). Date acquired. A RIC
or REIT’s acquisition date for an
asset it held on January 1, 2001, for
which it made an election to
recognize any gain under section 311
of the Taxpayer Relief Act of 1997, is
the date of the deemed sale and
reacquisition.
Column (d). Sales price. Enter
either the gross sales price or the net
sales price. If the net sales price is
entered, do not increase the cost or
other basis in column (e) by any
expenses reflected in the net sales
price.
Column (e). Cost or other basis. In
general, the basis of property is its
cost. See section 1012 and the
related regulations. Special rules for
determining basis are provided in
sections in subchapters C, K, O, and
P of the Code. These rules may apply
to the:
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• Receipt of certain distributions with
respect to stock (section 301 or
1059),
• Liquidation of another corporation
(section 334),
• Transfer to another corporation
(section 358),
• Transfer from a shareholder or
reorganization (section 362),
• Bequest (section 1014),
• Contribution or gift (section 1015),
• Tax-free exchange (section 1031),
• Involuntary conversion (section
1033),
• Certain asset acquisitions (section
1060), or
• Wash sale of stock (section 1091).
Attach an explanation if the
corporation uses a basis other than
actual cost of the property.
Before making an entry in column
(e), increase the cost or other basis
by any expense of sale, such as
broker’s fees, commissions, state and
local transfer taxes, and option
premiums, unless the net sales price
was reported in column (d).
A RIC or REIT’s basis in an asset
it held on January 1, 2001, for which
it made an election to recognize any
gain under section 311 of the
Taxpayer Relief Act of 1997, is the
asset’s closing market price or FMV,
whichever applies, on the date of the
deemed sale and reacquisition,
whether the deemed sale resulted in
a gain or unallowed loss.
If the corporation is allowed a
charitable contribution deduction
because it sold property in a bargain
sale to a charitable organization,
figure the adjusted basis for
determining gain from the sale by
dividing the amount realized by the
FMV and multiplying that result by the
adjusted basis. No loss is allowed in
a bargain sale to a charity.
See section 852(f) for the
treatment of certain load charges
incurred in acquiring stock in a RIC
with a reinvestment right.
Line 10. Enter the total capital gain
distributions paid by a RIC or REIT
during the year, regardless of how
long the corporation owned stock in
the RIC or REIT.
Also enter any amount received
from a RIC or REIT that qualifies as a
distribution in complete liquidation
under section 332(b) and is
designated by the RIC or REIT as a
capital gain distribution. See
section 332(c).

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Instructions for Schedule D (Form 1120)

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Part IV
If the corporation has both a net
capital gain on line 13 and a qualified
timber gain, complete Part IV to
determine the alternative tax. For this
purpose, a qualified timber gain
means the net gains described in
section 631(a) and (b), determined by
taking into account only trees held

more than 15 years. For tax years
that begin in 2008, only qualified
timber gains allocable to the period
that begins after May 22, 2008, and
ends before May 24, 2009, are
eligible for the alternative tax.
Enter the amount from Part IV, line
26, on Form 1120, Schedule J, line 2,

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or the applicable line of the
corporation’s tax return. Filers of
Form 1120-RIC do not use Schedule
D (Form 1120) to figure the
alternative tax. These filers figure the
tax on Part II of Form 1120-RIC.

Version A, Cycle 5

SCHEDULE D
(Form 1120)
Department of the Treasury
Internal Revenue Service

Capital Gains and Losses


OMB No. 1545-0123

Attach to Form 1120, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-IC-DISC, 1120-L, 1120-ND, 1120-PC,
1120-POL, 1120-REIT, 1120-RIC, 1120-SF, or certain Forms 990-T.
 See separate instructions.

2008

Employer identification number

Name

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.)

(e) Cost or other
basis (see
instructions)

(d) Sales price
(see instructions)

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

1

2
3
4
5

Short-term capital gain from installment sales from Form 6252, line 26 or 37 .

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Short-term gain or (loss) from like-kind exchanges from Form 8824
Unused capital loss carryover (attach computation) . . . . .
Net short-term capital gain or (loss). Combine lines 1 through 4 .

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Part II

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

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11

DRAFT AS OF
October 21, 2008

Enter gain from Form 4797, line 7 or 9 .

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Long-term capital gain from installment sales from Form 6252, line 26 or 37 .

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Long-term gain or (loss) from like-kind exchanges from Form 8824
Capital gain distributions (see instructions) . . . . . . . .
Net long-term capital gain or (loss). Combine lines 6 through 10 .

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Part III

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Summary of Parts I and II

12 Enter excess of net short-term capital gain (line 5) over net long-term capital loss (line 11) . . . .
13 Net capital gain. Enter excess of net long-term capital gain (line 11) over net short-term capital loss
(line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14 Add lines 12 and 13. Enter here and on Form 1120, page 1, line 8, or the proper line on other
returns. If the corporation has qualified timber gain, also complete Part IV . . . . . . . . .
Note. If losses exceed gains, see Capital losses in the instructions.

Part IV

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8
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11
12
13
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Alternative Tax for Corporations with Qualified Timber Gain. Complete Part IV only if the corporation has
qualified timber gain under section 1201(b). Skip this part if you are filing Form 1120-RIC. See instructions.

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15 Enter qualified timber gain (as defined in section 1201(b)(2)) . . . .
16 Enter taxable income from Form 1120, page 1, line 30, or the applicable
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line of your tax return . . . . . . . . . . . . . . . .
17 Enter the smallest of: (a) the amount on line 15; (b) the amount on line 16;
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or (c) the amount on Part III, line 13 . . . . . . . . . . . .
18 Multiply line 17 by 15% . . . . . . . . . . . . . . . . . . . . . . . . . .
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19 Subtract line 13 from line 16. If zero or less, enter -0- . . . . . .
20 Enter the tax on line 19, figured using the Tax Rate Schedule (or applicable tax rate) appropriate for
the return with which Schedule D (Form 1120) is being filed . . . . . . . . . . . . . .
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21 Add lines 17 and 19 . . . . . . . . . . . . . . . . .
22 Subtract line 21 from line 16. If zero or less, enter -0- . . . . . .
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23 Multiply line 22 by 35% . . . . . . . . . . . . . . . . . . . . . . . . . .
24 Add lines 18, 20, and 23 . . . . . . . . . . . . . . . . . . . . . . . . .
25 Enter the tax on line 16, figured using the Tax Rate Schedule (or applicable tax rate) appropriate for
the return with which Schedule D (Form 1120) is being filed . . . . . . . . . . . . . .
26 Enter the smaller of line 24 or line 25. Also enter this amount on Form 1120, Schedule J, line 2, or
the applicable line of your tax return . . . . . . . . . . . . . . . . . . . . .
For Paperwork Reduction Act Notice, see the Instructions for Form 1120.

Cat. No. 11460M

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Schedule D (Form 1120) (2008)