1120 (SCH D) Capital Gains and Losses

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

Capital Gains and Losses

OMB No. 1545-0123

2016

▶ 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.
▶ Information about Schedule D (Form 1120) and its separate instructions is at www.irs.gov/form1120.

Employer identification number

Name

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.

(d)
Proceeds
(sales price)

This form may be easier to complete if you round off cents to
whole dollars.

(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 from installment sales from Form 6252, line 26 or 37 .

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4

5 Short-term capital gain or (loss) from like-kind exchanges from Form 8824

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5

6 Unused capital loss carryover (attach computation)

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6

7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column h.

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7

Part II

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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.

(d)
Proceeds
(sales price)

This form may be easier to complete if you round off cents to
whole dollars.

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

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 Enter gain from Form 4797, line 7 or 9 .

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11

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

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12

13 Long-term capital gain or (loss) from like-kind exchanges from Form 8824

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13

14 Capital gain distributions (see instructions)

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14

15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column h

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15

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16

17 Net capital gain. Enter excess of net long-term capital gain (line 15) over net short-term capital loss (line 7)
18 Add lines 16 and 17. 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 . . . . . . . . . . . . . .

17

Part III

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Summary of Parts I and II

16 Enter excess of net short-term capital gain (line 7) over net long-term capital loss (line 15)

18

Note: If losses exceed gains, see Capital losses in the instructions.
For Paperwork Reduction Act Notice, see the Instructions for Form 1120.

Cat. No. 11460M

Schedule D (Form 1120) 2016

Page 2
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.

Schedule D (Form 1120) 2016

Part IV

19 Enter qualified timber gain (as defined in section 1201(b)(2)) . . . . .
20 Enter taxable income from Form 1120, page 1, line 30, or the applicable line
of your tax return . . . . . . . . . . . . . . . . . .
21 Enter the smallest of: (a) the amount on line 19; (b) the amount on line 20; or
(c) the amount on Part III, line 17 . . . . . . . . . . . . .
22 Multiply line 21 by 23.8% (0.238)

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19
20
21
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22

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23 Subtract line 17 from line 20. If zero or less, enter -0- . . . . . . .
24 Enter the tax on line 23, 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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24

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27

28 Add lines 22, 24, and 27 . . . . . . . . . . . . . . . . . . . . . . . . . .
29 Enter the tax on line 20, figured using the Tax Rate Schedule (or applicable tax rate) appropriate for the
return with which Schedule D (Form 1120) is being filed . . . . . . . . . . . . . . . .
30 Enter the smaller of line 28 or line 29. Also enter this amount on Form 1120, Schedule J, line 2, or the
applicable line of your tax return . . . . . . . . . . . . . . . . . . . . . . .

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25 Add lines 21 and 23

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25

26 Subtract line 25 from line 20. If zero or less, enter -0- .

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26

27 Multiply line 26 by 35% (0.35)

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Schedule D (Form 1120) 2016