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Instructions and the form for reporting capital gains and losses from the sale of investments, including short-term and long-term gains and losses, gains from partnerships, s corporations, estates, and trusts, and capital gain distributions. The form also includes instructions for reporting gains from form 4797, forms 2439 and 6252, and forms 4684, 6781, and 8824.
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(Form 1040)
Department of the Treasury Internal Revenue Service (99)
Capital Gains and Losses
▶ (^) Attach to Form 1040, 1040-SR, or 1040-NR. ▶ (^) Go to www.irs.gov/ScheduleD for instructions and the latest information. ▶ (^) Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10.
OMB No. 1545-
2021 Attachment
Name(s) shown on return Your social security number
Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? Yes No
If “Yes,” attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss.
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)
(e) Cost (or other basis)
(g) Adjustments to gain or loss from Form(s) 8949, Part I, line 2, column (g)
(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 gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824.. 4 5 Net short-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1............................. 5 6 Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions........................ 6 ( ) 7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). If you have any long- term capital gains or losses, go to Part II below. Otherwise, go to Part III on the back...... (^7)
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)
(e) Cost (or other basis)
(g) Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g)
(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 Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from Forms 4684, 6781, and 8824....................... 11 12 Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1 12 13 Capital gain distributions. See the instructions................... 13 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions........................ 14 ( ) 15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Then, go to Part III on the back............................... 15
For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11338H Schedule D (Form 1040) 2021
16 Combine lines 7 and 15 and enter the result.................. 16
17 Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip lines 18 through 21, and go to line 22.
18 If you are required to complete the^ 28% Rate Gain Worksheet^ (see instructions), enter the amount, if any, from line 7 of that worksheet................. ▶^18
19 If^ you^ are^ required^ to^ complete^ the^ Unrecaptured^ Section^1250 Gain^ Worksheet^ (see instructions), enter the amount, if any, from line 18 of that worksheet......... ▶^19
20 Are lines 18 and 19 both zero or blank and are you not filing Form 4952? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 16. Don’t complete lines 21 and 22 below.
No. Complete the Schedule D Tax Worksheet in the instructions. Don’t complete lines 21 and 22 below.
21 If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of:
Note: When figuring which amount is smaller, treat both amounts as positive numbers.
22 Do you have qualified dividends on Form 1040, 1040-SR, or 1040-NR, line 3a?
Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 16.
No. Complete the rest of Form 1040, 1040-SR, or 1040-NR.
Schedule D (Form 1040) 2021