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

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Capital Gains and Losses

SCHEDULE D
(Form 1041)
Department of the Treasury
Internal Revenue Service

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OMB No. 1545-0092

Attach to Form 1041, Form 5227, or Form 990-T.

2013

Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9 and 10.

Information about Schedule D and its separate instructions is at www.irs.gov/form1041.

Employer identification number

Name of estate or trust

DRAFT AS OF
August 27, 2013
DO NOT FILE

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

See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.

(d)
Proceeds
(sales price)

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

(e)
Cost
(or other basis)

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

1a Totals for all short-term transactions reported on Form
1099-B for which basis was reported to the IRS and for
which you have no adjustments (see instructions).
However, if you choose to report all these transactions
on Form 8949, leave this line blank and go to line 1b .

1b Totals for all transactions reported on Form(s) 8949 with
Box A checked . . . . . . . . . . . . .
2 Totals for all transactions reported on Form(s) 8949 with
Box B checked . . . . . . . . . . . . .
3 Totals for all transactions reported on Form(s) 8949 with
Box C checked . . . . . . . . . . . . .
4

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

5
6

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 2012 Capital Loss
Carryover Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . .
Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). Enter here and on
line 17, column (3) on the back . . . . . . . . . . . . . . . . . . . . . ▶

7

Part II

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4

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

See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.

(d)
Proceeds
(sales price)

5
6

(

)

7

(g)
(h) Gain or (loss)
Adjustments
Subtract column (e)
to gain or loss from
from column (d) and
Form(s) 8949, Part II, combine the result with
line 2, column (g)
column (g)

(e)
Cost
(or other basis)

8a Totals for all long-term transactions reported on Form
1099-B for which basis was reported to the IRS and for
which you have no adjustments (see instructions).
However, if you choose to report all these transactions
on Form 8949, leave this line blank and go to line 8b .
8b Totals for all transactions reported on Form(s) 8949 with
Box D checked . . . . . . . . . . . . .
9 Totals for all transactions reported on Form(s) 8949 with
Box E checked . . . . . . . . . . . . .
10 Totals for all transactions reported on Form(s) 8949 with
Box F checked . . . . . . . . . . . . . .
11

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

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11

12

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

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12

13

Capital gain distributions .

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13

14
15

Gain from Form 4797, Part I . . . . . . . . . . . . . . . . . . . . . . . .
Long-term capital loss carryover. Enter the amount, if any, from line 14 of the 2012 Capital Loss
Carryover Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . .
Net long-term capital gain or (loss). Combine lines 8a through 15 in column (h). Enter here and on
line 18a, column (3) on the back . . . . . . . . . . . . . . . . . . . . . ▶

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

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Cat. No. 11376V

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15 (

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Schedule D (Form 1041) 2013

Schedule D (Form 1041) 2013

Part III
17
18
a
b
c
19

Page

Summary of Parts I and II

Caution: Read the instructions before completing this part.
Net short-term gain or (loss) . . . . . . . . . . 17
Net long-term gain or (loss):
Total for year
. . . . . . . . . . . . . . . 18a
Unrecaptured section 1250 gain (see line 18 of the wrksht.)
. 18b
28% rate gain
. . . . . . . . . . . . . . . 18c
Total net gain or (loss). Combine lines 17 and 18a . . ▶ 19

(1) Beneficiaries’
(see instr.)

(2) Estate’s
or trust’s

2

(3) Total

DRAFT AS OF
August 27, 2013
DO NOT FILE

Note: If line 19, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Form 990-T, Part I, line 4a). If lines 18a and 19, column (2), are net
gains, go to Part V, and do not complete Part IV. If line 19, column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet, as
necessary.

Part IV
20

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 19, column (3) or b $3,000 . . . . . . . . . . . . . . . . .

20 (

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Note: If the loss on line 19, 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 in 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 18a and 19 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 Schedule D Tax Worksheet in the instructions if:
• Either line 18b, col. (2) or line 18c, 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 18a and 19 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 Schedule D Tax Worksheet in the instructions if either line 18b, col. (2) or
line 18c, col. (2) is more than zero.

21
22

Enter taxable income from Form 1041, line 22 (or Form 990-T, line 34) .
Enter the smaller of line 18a or 19 in column (2)
but not less than zero . . . . . . . . .
22

23

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) . . . .

24
25

Add lines 22 and 23 . . . . . . . . . .
If the estate or trust is filing Form 4952, enter the
amount from line 4g; otherwise, enter -0- . . ▶

26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45

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21

23
24

25
Subtract line 25 from line 24. If zero or less, enter -0- . . . . . . .
26
27
Subtract line 26 from line 21. If zero or less, enter -0- . . . . . . .
Enter the smaller of the amount on line 21 or $2,450 . . . . . . .
28
Enter the smaller of the amount on line 27 or line 28 . . . . . . .
29
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Subtract line 29 from line 28. If zero or less, enter -0-. This amount is taxed at 0% . . . . .
Enter the smaller of line 21 or line 26 . . . . . . . . . . . . .
31
32
Subtract line 30 from line 26
. . . . . . . . . . . . . . .
Enter the smaller of line 21 or $11,950 . . . . . . . . . . . .
33
34
Add lines 27 and 30 . . . . . . . . . . . . . . . . . .
Subtract line 34 from line 33. If zero or less, enter -0- . . . . . . .
35
Enter the smaller of line 32 or line 35
. . . . . . . . . . . .
36
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Multiply line 36 by 15% . . . . . . . . . . . . . . . . . . . . . . . .
Enter the amount from line 31 . . . . . . . . . . . . . . .
38
Add lines 30 and 36 . . . . . . . . . . . . . . . . . .
39
40
Subtract line 39 from line 38. If zero or less, enter -0- . . . . . . .
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Multiply line 40 by 20% . . . . . . . . . . . . . . . . . . . . . . . .
Figure the tax on the amount on line 27. Use the 2013 Tax Rate Schedule for Estates
and Trusts (see the Schedule G instructions in the instructions for Form 1041) . .
42
Add lines 37, 41, and 42 . . . . . . . . . . . . . . . . .
43
Figure the tax on the amount on line 21. Use the 2013 Tax Rate Schedule for Estates
and Trusts (see the Schedule G instructions in the instructions for Form 1041) . .
44
Tax on all taxable income. Enter the smaller of line 43 or line 44 here and on Form 1041, Schedule
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G, line 1a (or Form 990-T, line 36) . . . . . . . . . . . . . . . . . . . . .

30

37

41

45

Schedule D (Form 1041) 2013