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

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

Part I

OMB No. 1545-0130

2009

Attach to Form 1120S.
See separate instructions.

©
©

Employer identification number

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Short-Term Capital Gains and Losses—Assets Held One Year or Less
(a) Description of property
(Example: 100 shares of Z Co.)

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2
3
4
5
6

Capital Gains and Losses and Built-in Gains

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

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

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
Schedule K, line 7 or 10 . . . . . . . . . . . . . . . . . .

Part II

(e) Cost or
other basis
(see instructions)

(d) Sales price

. . . . . . .
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. . . . . . .
and on Form 1120S,
. . . . . . .

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.)

2
3
4
5 (

)

6

(e) Cost or
other basis
(see instructions)

(d) Sales price

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

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

7

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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
Schedule K, line 8a or 10 . . . . . . . . . . . . . . . . . .

Part III
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and on
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Built-in Gains Tax (See instructions before completing this part.)

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Form
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1120S,
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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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Schedule D (Form 1120S) 2009