1120-S Schedule D 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

OMB No. 1545-0123

Attach to Form 1120S.
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/form1120s.

2016

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

(d)
Proceeds
(sales price)

(e)
Cost
(or other basis)

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
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 1a through 6 in column (h). Enter here and
on Form 1120S, Schedule K, line 7 or 10 . . . . . . . . . . . . . . . . . .

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5
6
7

Part II

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

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

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4
5
6

(

)

7

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.

10

(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)

(d)
Proceeds
(sales price)

(e)
Cost
(or other basis)

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

Totals for all transactions reported
on Form(s) 8949 with Box F checked
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 8a through 14 in column (h). Enter here and
on Form 1120S, Schedule K, line 8a or 10 . . . . . . . . . . . . . . . . . .

For Paperwork Reduction Act Notice, see the Instructions for Form 1120S.

Cat. No. 11516V

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12
13
14 (

(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) 2016

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Schedule D (Form 1120S) 2016

Part III
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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
. . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Schedule D (Form 1120S) 2016