28% Rate Gain Worksheet

28% Rate Gain Worksheet—Line 18c

Keep for Your Records
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1. Enter the total of all collectibles gain or (loss) from items reported on Form 8949, Part II . . . . . . . . . . . . . . . . 1.
2. Enter as a positive number the total of:
• Any section 1202 exclusion you reported in column (g) of Form 8949, Part II, with code “Q” in
column (f), for which you excluded 50% of the gain;
• 2/3 of any section 1202 exclusion you reported in column (g) of Form 8949, Part II, with code
. . . . .2.
“Q” in column (f), for which you excluded 60% of the gain; and
• 1/3 of any section 1202 exclusion you reported in column (g) of Form 8949, Part II, with code
“Q” in column (f), for which you excluded 75% of the gain.
Don't make an entry for any section 1202 exclusion that is 100% of the gain.
3. Enter the total of all collectibles gain or (loss) from Form 4684, line 4 (but only if Form 4684, line 15, is more
than zero); Form 6252; Form 6781, Part II; and Form 8824 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
4. Enter the total of any collectibles gain reported to the estate or trust on:
• Form 1099-DIV, box 2d;
. . . . .4.
• Form 2439, box 1d; and
• Schedule K-1 from a partnership, S corporation, estate, or trust.
5. Enter the estate's or trust's long-term capital loss carryovers from Schedule D, line 15, and from box 11,
code D of Schedule K-1 (Form 1041) from another estate or trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.
6. If Schedule D, line 7 is a (loss), enter that (loss) here. Otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.

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7. Combine lines 1 through 6. If zero or less, enter -0-. If more than zero, also enter this amount in the
appropriate columns of Schedule D, line 18c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

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2022 Instructions for Schedule D (Form 1041)