Form Schedule D (Form 1 Schedule D (Form 1 Capital Gains and Losses

Cumulative Changes
SCHEDULE D
(Form 1041)

Version A, Cycle 2
OMB No. 1545-0092

Capital Gains and Losses

Department of the Treasury
Internal Revenue Service

2009

Attach to Form 1041, Form 5227, or Form 990-T. See the Instructions for
Schedule D (Form 1041) (also for Form 5227 or Form 990-T, if applicable).

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Employer identification number

Name of estate or trust

Note: Form 5227 filers need to complete only Parts I and II.

Part I

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

(a) Description of property
(Example: 100 shares 7% preferred of “Z” Co.)

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

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

(f) Gain or (loss) for
the entire year
Subtract (e) from (d)

(e) Cost or other basis
(see page 4 of the
instructions)

(d) Sales price

1a

DRAFT AS OF
October 26, 2009

b Enter the short-term gain or (loss), if any, from Schedule D-1, line 1b

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1b

2

Short-term capital gain or (loss) from Forms 4684, 6252, 6781, and 8824 .

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Net short-term gain or (loss) from partnerships, S corporations, and other estates or trusts . . .
Short-term capital loss carryover. Enter the amount, if any, from line 9 of the 2008 Capital Loss
Carryover Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . .
Net short-term gain or (loss). Combine lines 1a through 4 in column (f). Enter here and on line 13,
column (3) on the back . . . . . . . . . . . . . . . . . . . . . . . . ©

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Part II

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

(a) Description of property
(Example: 100 shares 7% preferred of “Z” Co.)

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

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

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4

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(e) Cost or other basis
(see page 4 of the
instructions)

(d) Sales price

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(f) Gain or (loss) for
the entire year
Subtract (e) from (d)

6a

b Enter the long-term gain or (loss), if any, from Schedule D-1, line 6b

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6b

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Long-term capital gain or (loss) from Forms 2439, 4684, 6252, 6781, and 8824 .

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Net long-term gain or (loss) from partnerships, S corporations, and other estates or trusts .

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Capital gain distributions .

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Gain from Form 4797, Part I . . . . . . . . . . . . . . . . . . . . . . . .
Long-term capital loss carryover. Enter the amount, if any, from line 14 of the 2008 Capital Loss
Carryover Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . .
Net long-term gain or (loss). Combine lines 6a through 11 in column (f). Enter here and on line 14a,
column (3) on the back . . . . . . . . . . . . . . . . . . . . . . . . ©

For Paperwork Reduction Act Notice, see the Instructions for Form 1041.

Cat. No. 11376V

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Schedule D (Form 1041) 2009

Version A, Cycle 2
Schedule D (Form 1041) 2009

Part III

Page

Summary of Parts I and II

(1) Beneficiaries’
(see page 5)

Caution: Read the instructions before completing this part.
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13
Net short-term gain or (loss) . . . . . . . . . .
14
Net long-term gain or (loss):
14a
a Total for year
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b Unrecaptured section 1250 gain (see line 18 of the wrksht.) .
14b
c 28% rate gain . . . . . . . . . . . . . . .
14c
15
Total net gain or (loss). Combine lines 13 and 14a . . © 15

(2) Estate’s
or trust’s

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(3) Total

Note: If line 15, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Form 990-T, Part I, line 4a). If lines 14a and 15, column (2), are net
gains, go to Part V, and do not complete Part IV. If line 15, column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet, as
necessary.

Part IV
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a

Capital Loss Limitation

Enter here and enter as a (loss) on Form 1041, line 4 (or Form 990-T, Part I, line 4c, if a trust), the smaller of:
The loss on line 15, column (3) or b $3,000 . . . . . . . . . . . . . . . . .

DRAFT AS OF
October 26, 2009

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Note: If the loss on line 15, column (3), is more than $3,000, or if Form 1041, page 1, line 22 (or Form 990-T, line 34), is a loss, complete the Capital
Loss Carryover Worksheet on page 7 of the instructions to figure your capital loss carryover.

Part V

Tax Computation Using Maximum Capital Gains Rates

Form 1041 filers. Complete this part only if both lines 14a and 15 in column (2) are gains, or an amount is entered in Part I or Part II and there is an
entry on Form 1041, line 2b(2), and Form 1041, line 22, is more than zero.
Caution: Skip this part and complete the worksheet on page 8 of the instructions if:
● Either line 14b, col. (2) or line 14c, col. (2) is more than zero, or
● Both Form 1041, line 2b(1), and Form 4952, line 4g are more than zero.
Form 990-T trusts. Complete this part only if both lines 14a and 15 are gains, or qualified dividends are included in income in Part I of Form 990-T,
and Form 990-T, line 34, is more than zero. Skip this part and complete the worksheet on page 8 of the instructions if either line 14b, col. (2) or line
14c, col. (2) is more than zero.

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18

Enter taxable income from Form 1041, line 22 (or Form 990-T, line 34) .
Enter the smaller of line 14a or 15 in column (2)
but not less than zero . . . . . . . . .
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19

Enter the estate’s or trust’s qualified dividends from
Form 1041, line 2b(2) (or enter the qualified dividends
included in income in Part I of Form 990-T) . . . .

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21

Add lines 18 and 19 . . . . . . . . .
If the estate or trust is filing Form 4952, enter the
amount from line 4g; otherwise, enter -0- . . ©

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23

Subtract line 21 from line 20. If zero or less, enter -0Subtract line 22 from line 17. If zero or less, enter -0-

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23

Enter the smaller of the amount on line 17 or $2,300 . . . . . .
Is the amount on line 23 equal to or more than the amount on line 24?
Yes. Skip lines 25 and 26; go to line 27 and check the “No” box.
No. Enter the amount from line 23 . . . . . . . . . . .
Subtract line 25 from line 24
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Are the amounts on lines 22 and 26 the same?

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No. Enter the smaller of line 17 or line 22

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Yes. Skip lines 27 thru 30; go to line 31.

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Enter the amount from line 26 (If line 26 is blank, enter -0-)

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31

Subtract line 28 from line 27
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Multiply line 29 by 15% (.15) . . . . . . . . . . . .
Figure the tax on the amount on line 23. Use the 2009 Tax Rate
(see the Schedule G instructions in the instructions for Form 1041)

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Schedule for Estates and Trusts
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Add lines 30 and 31 . . . . . . . . . . . . . . . . . . . . . . . . . .
Figure the tax on the amount on line 17. Use the 2009 Tax Rate Schedule for Estates and Trusts
(see the Schedule G instructions in the instructions for Form 1041) . . . . . . . . . . .
Tax on all taxable income. Enter the smaller of line 32 or line 33 here and on Form 1041, Schedule
G, line 1a (or Form 990-T, line 36) . . . . . . . . . . . . . . . . . . . . . .

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Schedule D (Form 1041) 2009

Cap I