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

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

Capital Gains and Losses and Built-in Gains
▶

Attach to Form 1120S.
Use Form 8949 to list your transactions for lines 1, 2, 3, 8, 9, and 10.
▶ Information about Schedule D (Form 1120S) and its separate instructions is
at www.irs.gov/form1120s.

Part I

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

Complete Form 8949 before completing line 1, 2,
or 3. This form may be easier to complete if you
round off cents to whole dollars.

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(d) Proceeds (sales price)
from Form(s) 8949, Part II,
line 4, column (d)

.
.
.
(h).
.

(e) Cost or other basis from
Form(s) 8949, Part II,
line 4, column (e)

Long-term totals from all Forms
8949 with box A checked in Part II
Long-term totals from all Forms
8949 with box B checked in Part II
Long-term totals from all Forms
8949 with box C checked in Part II
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 (see instructions) . . . . . . . . . . . .
Tax on long-term capital gain included on line 23 below . . . . . . .
Net long-term capital gain or (loss). Combine lines 8 through 14 in column
on Form 1120S, Schedule K, line 8a or 10 . . . . . . . . . . . .

Part III
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(e) Cost or other basis from
Form(s) 8949, Part I, line 2,
column (e)

(h) Gain or (loss).
Subtract column (e)
from column (d) and
combine the result
with column (g)

(g) Adjustments to gain or
loss from Form(s) 8949,
Part I, line 2, column (g)

. .
. .
. .
Enter
. .

. .
. .
. .
here
. .

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.
and
.

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(

)

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

Complete Form 8949 before completing line 8, 9,
or 10. This form may be easier to complete if you
round off cents to whole dollars.

9

(d) Proceeds (sales price)
from Form(s) 8949, Part I,
line 2, column (d)

Short-term totals from all Forms
8949 with box A checked in Part I
Short-term totals from all Forms
8949 with box B checked in Part I
Short-term totals from all Forms
8949 with box C checked in Part I
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 .
Tax on short-term capital gain included on line 23 below . . . . . . .
Net short-term capital gain or (loss). Combine lines 1 through 6 in column
on Form 1120S, Schedule K, line 7 or 10 . . . . . . . . . . . .

Part II

8

2012

Employer identification number

Name

1

OMB No. 1545-0130

▶

.
.
.
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(h).
.

(g) Adjustments to gain or
loss from Form(s) 8949,
Part II, line 4, column (g)

. .
. .
. .
. .
Enter
. .

. .
. .
. .
. .
here
. .

.
.
.
.
and
.

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

Excess of recognized built-in gains over recognized built-in losses (attach computation
statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxable income (attach computation statement) . . . . . . . . . . . . . . . .
Net recognized built-in gain. Enter the smallest of line 16, line 17, or line 8 of Schedule B . .
Section 1374(b)(2) deduction . . . . . . . . . . . . . . . . . . . . . .
Subtract line 19 from line 18. If zero or less, enter -0- here and on line 23 . . . . . . . .
Enter 35% of line 20 . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1374(b)(3) business credit and minimum tax credit carryforwards from C corporation
years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax. Subtract line 22 from line 21 (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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(h) Gain or (loss).
Subtract column (e)
from column (d) and
combine the result
with column (g)

)

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Schedule D (Form 1120S) 2012