Form 1040, Schedule D-Capital Gains and Losses

OMB No. 1545-0074SCHEDULE D Capital Gains and Losses (Form 1040) 2008 Attach to Form 1040 or Form 1040NR.See Instructions for Schedule D (Form 1040). Department of the TreasuryAttachmentInternal Revenue Service(99)Use Schedule D-1 to list additional transactions for lines 1 and 8. Sequence No. 12 Name(s) shown on return Your social security number Part IShort-Term Capital Gains and Losses—Assets Held One Year or Less (b) Date(d) Sales price(e) Cost or other basis(a) Description of property(c) Date sold(f) Gain or (loss)acquired(see page D-7 of(see page D-7 of(Example: 100 sh. XYZ Co.)(Mo., day, yr.)Subtract (e) from (d)(Mo., day, yr.)the instructions)the instructions) 1 2Enter your short-term totals, if any, from Schedule D-1, line 22 3Total short-term sales price amounts. Add lines 1 and 2 in column (d) 3 4Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 88244 5Net short-term gain or (loss) from partnerships, S corporations, estates, and trusts from5 Schedule(s) K-1 6 Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss 6Carryover Worksheet on page D-7 of the instructions () 7Net short-term capital gain or (loss). Combine lines 1 through 6 in column (f) 7 Part IILong-Term Capital Gains and Losses—Assets Held Mor e Than One Year (a) Description of property(b) Date(c) Date sold(d) Sales price(e) Cost or other basis(f) Gain or (loss)acquired(see page D-7 of(see page D-7 of(Example: 100 sh. XYZ Co.)(Mo., day, yr.)(Mo., day, yr.)the instructions)the instructions)Subtract (e) from (d) 8 9Enter your long-term totals, if any, from Schedule D-1, line 99 10Total long-term sales price amounts. Add lines 8 and 9 in column (d) 10 11Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or11 (loss) from Forms 4684, 6781, and 8824 12Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts from12 Schedule(s) K-1 1313Capital gain distributions. See page D-2 of the instructions 14Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss14 Carryover Worksheet on page D-7 of the instructions() 15 Net long-term capital gain or (loss). Combine lines 8 through 14 in column (f). Then go to Part III on the back15 For Paperwork Reduction Act Notice, see Form 1040 or Form 1040NR instructions. Cat. No. 11338H Schedule D (Form 1040) 2008 Schedule D (Form 1040) 2008Page 2 Part IIISummary 16Combine lines 7 and 15 and enter the result16 If line 16 is: ● A gain, enter the amount from line 16 on Form 1040, line 13, or Form 1040NR, line 14. Then go to line 17 below. ● A loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22. ● Zero, skip lines 17 through 21 below and enter -0- on Form 1040, line 13, or Form 1040NR,line 14. Then go to line 22. 17Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip lines 18 through 21, and go to line 22. 18Enter the amount, if any, from line 7 of the 28% Rate Gain Worksheet on page D-8 of the18 instructions 19Enter the amount, if any, from line 18 of the Unrecaptured Section 1250 Gain Worksheet on page D-9 of the instructions 19 20Are lines 18 and 19 both zero or blank? Yes. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then completethe Qualified Dividends and Capital Gain Tax Worksheet on page 38 of the Instructions forForm 1040 (or in the Instructions for Form 1040NR). Do not complete lines 21 and 22 below. No. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then complete the Schedule D Tax Worksheet on page D-10 of the instructions. Do not complete lines 21 and22 below. 21If line 16 is a loss, enter here and on Form 1040, line 13, or Form 1040NR, line 14, the smaller of: 21● The loss on line 16 or( ) ● ($3,000), or if married filing separately, ($1,500) Note. When figuring which amount is smaller, treat both amounts as positive numbers. 22Do you have qualified dividends on Form 1040, line 9b, or Form 1040NR, line 10b? Yes. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then completethe Qualified Dividends and Capital Gain Tax Worksheet on page 38 of the Instructions forForm 1040 (or in the Instructions for Form 1040NR). No. Complete the rest of Form 1040 or Form 1040NR. Schedule D (Form 1040) 2008