skip navigation

Search Help
Navigation Help


Main Topics
A B C D E F G H I
J K L M N O P Q R
S T U V W X Y Z #


FAQs
Forms
Publications
Tax Topics


Comments
About Tax Map
IRS Tax Map 2008
Current IRS Tax Map

taxmap/instr/i1040sd-002.htm#TXMP0cc5bc6a

Specific Instructions(p6)


rule
spacer

taxmap/instr/i1040sd-002.htm#TXMP08dec470

Lines 1 and 8(p6)


rule
spacer

Enter all sales and exchanges of capital assets, including stocks, bonds, etc., and real estate (if not reported on Form 4684, 4797, 6252, 6781, or 8824). But do not report the sale or exchange of your main home unless required (see page D-2). Include these transactions even if you did not receive a Form 1099-B or 1099-S (or substitute statement) for the transaction. You can use stock ticker symbols or abbreviations to describe the property as long as they are based on the descriptions of the property as shown on Form 1099-B or 1099-S (or substitute statement).
You must enter the details of each transaction on a separate line of Schedule D. If you have more than five transactions to report on line 1 or line 8, you can report the additional transactions on Schedule D-1. Instead of reporting your transactions on Schedules D and D-1, you can report them on an attached statement containing all the same information as Schedules D and D-1 and in a similar format. Use as many Schedules D-1 or attached statements as you need. Enter on Schedule D, lines 2 and 9, the combined totals from all your Schedules D-1 or the attached statements. Do not enter available upon request and summary totals in lieu of reporting the details of each transaction on Schedules D and D-1 or attached statements.
If you e-file your return but elect not to include your transactions on the electronic short-term capital gain (or loss) or long-term capital gain (or loss) records, you must attach Schedule D-1 (or a statement with the same information) to Form 8453 and mail the forms to the IRS.
caution
Add the following amounts reported to you for 2009 on Forms 1099-B and 1099-S (or substitute statements) that you are not reporting on another form or schedule included with your return: (a) proceeds from transactions involving stocks, bonds, and other securities; and (b) gross proceeds from real estate transactions (other than the sale of your main home if you are not required to report it). If this total is more than the total of lines 3 and 10, attach an explanation of the difference (for example, you were the nominee for the actual owner of the property).
taxmap/instr/i1040sd-002.htm#TXMP66478ae7

Column (b)—Date Acquired(p6)


rule
spacer

Enter in this column the date you acquired the asset. Use the trade date for stocks and bonds traded on an exchange or over-the-counter market. For stock or other property sold short, enter the date the stock or property was delivered to the broker or lender to close the short sale.
The date acquired for an asset you held on January 1, 2001, for which you made an election to recognize any gain in a deemed sale is the date of the deemed sale and reacquisition.
If you disposed of property that you acquired by inheritance, report the gain or (loss) on line 8 and enter INHERITED in column (b) instead of the date you acquired the property.
If you sold a block of stock (or similar property) that you acquired through several different purchases, you may report the sale on one line and enter VARIOUS in column (b). However, you still must report the short-term gain or (loss) on the sale in Part I and the long-term gain or (loss) in Part II.
taxmap/instr/i1040sd-002.htm#TXMP53151371

Column (c)—Date Sold(p6)


rule
spacer

Enter in this column the date you sold the asset. Use the trade date for stocks and bonds traded on an exchange or over-the-counter market. For stock or other property sold short, enter the date you sold the stock or property you borrowed to open the short sale transaction.
taxmap/instr/i1040sd-002.htm#TXMP5e82eb13

Column (d)—Sales Price(p7)


rule
spacer

Enter in this column either the gross sales price or the net sales price from the sale. If you sold stocks or bonds and you received a Form 1099-B (or substitute statement) from your broker that shows gross sales price, enter that amount in column (d). But if Form 1099-B (or substitute statement) indicates that gross proceeds minus commissions and option premiums were reported to the IRS, enter that net amount in column (d). If you enter the net amount in column (d), do not include the commissions and option premiums from the sale in column (e).
You should not have received a Form 1099-B (or substitute statement) for a transaction merely representing the return of your original investment in a nontransferable obligation, such as a savings bond or a certificate of deposit. But if you did, report the amount shown on Form 1099-B (or substitute statement) in both columns (d) and (e).
caution
Be sure to add all sales price entries on lines 1 and 8, column (d), to amounts on lines 2 and 9, column (d). Enter the totals on lines 3 and 10.
taxmap/instr/i1040sd-002.htm#TXMP3a233680

Column (e)—Cost or Other Basis(p7)


rule
spacer

In general, the cost or other basis is the cost of the property plus purchase commissions and improvements, minus depreciation, amortization, and depletion. If you inherited the property, got it as a gift, or received it in a tax-free exchange, involuntary conversion, or wash sale of stock, you may not be able to use the actual cost as the basis. If you do not use the actual cost, attach an explanation of your basis.
If you sold stock, adjust your basis by subtracting all the nondividend distributions you received before the sale. Also adjust your basis for any stock splits. See Pub. 550 for details.
If you elected to recognize gain on an asset held on January 1, 2001, your basis in the asset is its closing market price or fair market value, whichever applies, on the date of the deemed sale and reacquisition, whether the deemed sale resulted in a gain or an unallowed loss.
You may elect to use an average basis for all shares of a mutual fund (or other regulated investment company) if you acquired the shares at various times and prices and you left the shares on deposit in an account handled by a custodian or agent who acquired or redeemed those shares. If you are reporting an average basis, include AVGB in column (a) of Schedule D. For details on making the election and how to figure average basis, see Pub. 564.
The basis of property acquired by gift is generally the basis of the property in the hands of the donor. The basis of property acquired from a decedent is generally the fair market value at the date of death. See Pub. 551 for details.
Increase the cost or other basis of an original issue discount (OID) debt instrument by the amount of OID that has been included in gross income for that instrument. See Pub. 550 for details.
If a charitable contribution deduction is allowed because of a bargain sale of property to a charitable organization, the adjusted basis for purposes of determining gain from the sale is the amount that has the same ratio to the adjusted basis as the amount realized has to the fair market value. See Pub. 544 for details.
Increase your cost or other basis by any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, before making an entry in column (e), unless you reported the net sales price in column (d).
For more details, see Pub. 551.
taxmap/instr/i1040sd-002.htm#TXMP7d4ca5b4

Column (f)—Gain or (Loss)(p7)


rule
spacer

You must make a separate entry in this column for each transaction reported on lines 1 and 8 and any other line(s) that applies to you. For lines 1 and 8, subtract the amount in column (e) from the amount in column (d). Enter negative amounts in parentheses.
taxmap/instr/i1040sd-002.htm#w24331i01
pencil

Capital Loss Carryover Worksheet—Lines 6 and 14

Use this worksheet to figure your capital loss carryovers from 2008 to 2009 if your 2008 Schedule D, line 21, is a loss and (a) that loss is a smaller loss than the loss on your 2008 Schedule D, line 16, or (b) the amount on your 2008 Form 1040, line 41 (or your 2008 Form 1040NR, line 38, if applicable), reduced by any amount on your 2008 Form 8914, line 2, is less than zero. Otherwise, you do not have any carryovers.

1.Enter the amount from your 2008 Form 1040, line 41, or your 2008 Form 1040NR, line 38. If a loss, enclose the amount in parentheses1.               
2.Did you file Form 8914 (to claim an exemption amount for housing a Midwestern displaced individual) for 2008?2.               
Box No. Enter -0-
Box Yes. Enter the amount from your 2008 Form 8914, line 2
Right brace . 
3.Subtract line 2 from line 1. If the result is less than zero, enclose it in parentheses3.               
4.Enter the loss from your 2008 Schedule D, line 21, as a positive amount4.               
5.Combine lines 3 and 4. If zero or less, enter -0-5.               
6.Enter the smaller of line 4 or line 56.               
 If line 7 of your 2008 Schedule D is a loss, go to line 7; otherwise, enter -0- on line 7 and go to line 11.   
7.Enter the loss from your 2008 Schedule D, line 7, as a positive amount7.               
8.Enter any gain from your 2008 Schedule D, line 15. If a loss, enter -0-8.                 
9.Add lines 6 and 89.               
10. Short-term capital loss carryover for 2009. Subtract line 9 from line 7. If zero or less, enter -0-. If more than zero, also enter this amount on Schedule D, line 610.               
 If line 15 of your 2008 Schedule D is a loss, go to line 11; otherwise, skip lines 11 through 15.   
11.Enter the loss from your 2008 Schedule D, line 15, as a positive amount11.               
12.Enter any gain from your 2008 Schedule D, line 7. If a loss, enter -0-12.                 
13.Subtract line 7 from line 6. If zero or less, enter -0-13.                 
14.Add lines 12 and 1314.               
15. Long-term capital loss carryover for 2009. Subtract line 14 from line 11. If zero or less, enter -0-. If more than zero, also enter this amount on Schedule D, line 1415.               
       
taxmap/instr/i1040sd-002.htm#TXMP0f2ae0a5

Line 18(p8)


rule
spacer

If you checked Yes on line 17, complete the worksheet below if either of the following apply for 2009.
Collectibles include works of art, rugs, antiques, metals (such as gold, silver, and platinum bullion), gems, stamps, coins, alcoholic beverages, and certain other tangible property.
Include on the worksheet any gain (but not loss) from the sale or exchange of an interest in a partnership, S corporation, or trust held for more than 1 year and attributable to unrealized appreciation of collectibles. For details, see Regulations section 1.1(h)-1. Also, attach the statement required under Regulations section  
1.1(h)-1(e).
taxmap/instr/i1040sd-002.htm#w24331i03b
pencil

28% Rate Gain Worksheet—Line 18

1.Enter the total of all collectibles gain or (loss) from items you reported on line 8, column (f), of Schedules D and D-11.               
2.Enter as a positive number the amount of any section 1202 exclusion you reported on line 8, column (f), of Schedules D and D-1, for which you excluded 50% of the gain, plus 2/3 of any section 1202 exclusion you reported on line 8, column (f), of Schedules D and D-1, for which you excluded 60% of the gain2.               
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 88243.               
4.Enter the total of any collectibles gain reported to you on:
  • Form 1099-DIV, box 2d;
  • Form 2439, box 1d; and
  • Schedule K-1 from a partnership, S corporation, estate, or trust.
Right brace 4.               
5.Enter your long-term capital loss carryovers from Schedule D, line 14, and Schedule K-1 (Form 1041),
box 11, code C
5. (       )  
6.If Schedule D, line 7, is a (loss), enter that (loss) here. Otherwise, enter -0-6. (       )  
7.Combine lines 1 through 6. If zero or less, enter -0-. If more than zero, also enter this amount on
Schedule D, line 18
7.               
           
taxmap/instr/i1040sd-002.htm#TXMP5714db32

Line 19(p8)


rule
spacer

If you checked Yes on line 17, complete the worksheet on page D-9 if any of the following apply for 2009.
taxmap/instr/i1040sd-002.htm#TXMP49526f59

Instructions for the Unrecaptured Section 1250 Gain Worksheet(p8)


rule
spacer

taxmap/instr/i1040sd-002.htm#TXMP55a77e69

Lines 1 through 3.(p8)

rule
spacer

If you had more than one property described on line 1, complete lines 1 through 3 for each property on a separate worksheet. Enter the total of the line 3 amounts for all properties on line 3 and go to line 4.
taxmap/instr/i1040sd-002.htm#TXMP0c7e2aa2

Line 4.(p8)

rule
spacer

To figure the amount to enter on line 4, follow the steps below for each installment sale of trade or business property held more than 1 year.
taxmap/instr/i1040sd-002.htm#TXMP55438ebf

Step 1.(p8)
spacer

Figure the smaller of (a) the depreciation allowed or allowable, or (b) the total gain for the sale. This is the smaller of line 22 or line 24 of your 2009 Form 4797 (or the comparable lines of Form 4797 for the year of sale) for the property.
taxmap/instr/i1040sd-002.htm#TXMP1ab8ad9a

Step 2.(p8)
spacer

Reduce the amount figured in step 1 by any section 1250 ordinary income recapture for the sale. This is the amount from line 26g of your 2009 Form 4797 (or the comparable line of Form 4797 for the year of sale) for the property. The result is your total unrecaptured section 1250 gain that must be allocated to the installment payments received from the sale.
taxmap/instr/i1040sd-002.htm#TXMP5903a519

Step 3.(p8)
spacer

Generally, the amount of section 1231 gain on each installment payment is treated as unrecaptured section 1250 gain until the total unrecaptured section 1250 gain figured in step 2 has been used in full. Figure the amount of gain treated as unrecaptured section 1250 gain for installment payments received in 2009 as the smaller of (a) the amount from line 26 or line 37 of your 2009 Form 6252, whichever applies, or (b) the amount of unrecaptured section 1250 gain remaining to be reported. This amount is generally the total unrecaptured section 1250 gain for the sale reduced by all gain reported in prior years (excluding section 1250 ordinary income recapture). However, if you chose not to treat all of the gain from payments received after May 6, 1997, and before August 24, 1999, as unrecaptured section 1250 gain, use only the amount you chose to treat as unrecaptured section 1250 gain for those payments to reduce the total unrecaptured section 1250 gain remaining to be reported for the sale. Include this amount on line 4.
taxmap/instr/i1040sd-002.htm#TXMP24a6da09

Line 10.(p8)

rule
spacer

Include on line 10 your share of the partnership's unrecaptured section 1250 gain that would result if the partnership had transferred all of its section 1250 property in a fully taxable transaction immediately before you sold or exchanged your interest in that partnership. If you recognized less than all of the realized gain, the partnership will be treated as having transferred only a proportionate amount of each section 1250 property. For details, see Regulations section 1.1(h)-1. Also attach the statement required under Regulations 
section 1.1(h)-1(e).
taxmap/instr/i1040sd-002.htm#TXMP075c3c60

Line 12.(p8)

rule
spacer

An example of an amount to include on line 12 is unrecaptured section 1250 gain from the sale of a vacation home you previously used as a rental property but converted to personal use prior to the sale. To figure the amount to enter on line 12, follow the applicable instructions below.
taxmap/instr/i1040sd-002.htm#TXMP5e172faf

Installment sales.(p8)
spacer

To figure the amount to include on line 12, follow the steps below for each installment sale of property held more than 1 year for which you did not make an entry in Part I of your Form 4797 for the year of sale.
taxmap/instr/i1040sd-002.htm#TXMP51abbe33

Other sales or dispositions of section 1250 property.(p9)
spacer

For each sale of property held more than 1 year (for which you did not make an entry in Part I of Form 4797), figure the smaller of (a) the depreciation allowed or allowable, or (b) the total gain for the sale. This is the smaller of line 22 or line 24 of Form 4797 for the property. Next, reduce that amount by any section 1250 ordinary income recapture for the sale. This is the amount from line 26g of Form 4797 for the property. The result is the total unrecaptured section 1250 gain for the sale. Include this amount on line 12.
taxmap/instr/i1040sd-002.htm#w24331i02
pencil

Unrecaptured Section 1250 Gain Worksheet—Line 19

 If you are not reporting a gain on Form 4797, line 7, skip lines 1 through 9 and go to line 10. 
1.If you have a section 1250 property in Part III of Form 4797 for which you made an entry in Part I of Form 4797 (but not on Form 6252), enter the smaller of line 22 or line 24 of Form 4797 for that property. If you did not have any such property, go to line 4. If you had more than one such property, see instructions1.                
2.Enter the amount from Form 4797, line 26g, for the property for which you made an entry on line 12.                
3.Subtract line 2 from line 13.                
4.Enter the total unrecaptured section 1250 gain included on line 26 or line 37 of Form(s) 6252 from installment sales of trade or business property held more than 1 year (see instructions)4.                
5.Enter the total of any amounts reported to you on a Schedule K-1 from a partnership or an S corporation as "unrecaptured section 1250 gain"5.                
6.Add lines 3 through 56.                
7.Enter the smaller of line 6 or the gain from Form 4797, line 77.                
8.Enter the amount, if any, from Form 4797, line 88.                
9.Subtract line 8 from line 7. If zero or less, enter -0-9.                
10.Enter the amount of any gain from the sale or exchange of an interest in a partnership attributable to unrecaptured section 1250 gain (see instructions)10.                
11.Enter the total of any amounts reported to you on a Schedule K-1, Form 1099-DIV, or Form 2439 as "unrecaptured section 1250 gain" from an estate, trust, real estate investment trust, or mutual fund (or other regulated investment company)11.                
12.Enter the total of any unrecaptured section 1250 gain from sales (including installment sales) or other dispositions of section 1250 property held more than 1 year for which you did not make an entry in Part I of Form 4797 for the year of sale (see instructions)12.                
13.Add lines 9 through 1213.                
14.If you had any section 1202 gain or collectibles gain or (loss), enter the total of lines 1 through 4 of the 28% Rate Gain Worksheet on page D-8. Otherwise, enter -0-14.                
15.Enter the (loss), if any, from Schedule D, line 7. If Schedule D, line 7, is zero or a gain, enter -0-15.  (      )  
16.Enter your long-term capital loss carryovers from Schedule D, line 14, and Schedule K-1 (Form 1041), box 11, code C*16.  (      )  
17.Combine lines 14 through 16. If the result is a (loss), enter it as a positive amount. If the result is zero or a gain, enter -0-17.                
18. Unrecaptured section 1250 gain. Subtract line 17 from line 13. If zero or less, enter -0-. If more than zero, enter the result here and on Schedule D, line 1918.                
      
 *If you are filing Form 2555 or 2555-EZ (relating to foreign earned income), see the footnote in the Foreign Earned Income Tax Worksheet on page 38 of the Form 1040 instructions before completing this line.    
taxmap/instr/i1040sd-002.htm#TXMP3486da57

Line 21(p9)


rule
spacer

You have a capital loss carryover from 2009 to 2010 if you have a loss on line 16 and either:
To figure any capital loss carryover to 2010, you will use the Capital Loss Carryover Worksheet in the 2010 Instructions for Schedule D. If you want to figure your carryover to 2010 now, see Pub. 550.
taxtip
You will need a copy of your 2009 Form 1040 and Schedule D to figure your capital loss carryover to 2010.
taxmap/instr/i1040sd-002.htm#w24331i04
pencil

Schedule D Tax Worksheet

  Complete this worksheet only if line 18 or line 19 of Schedule D is more than zero. Otherwise, complete the Qualified Dividends and Capital Gain Tax Worksheet on page 39 of the Instructions for Form 1040 (or in the Instructions for Form 1040NR) to figure your tax.  
 
Exception: Do not use the Qualified Dividends and Capital Gain Tax Worksheet or this worksheet to figure your tax if:
  • Line 15 or line 16 of Schedule D is zero or less and you have no qualified dividends on Form 1040, line 9b (or Form 1040NR, line 10b); or
  • Form 1040, line 43 (or Form 1040NR, line 40) is zero or less.

Instead, see the instructions for Form 1040, line 44 (or Form 1040NR, line 41).
 
 
 1. Enter your taxable income from Form 1040, line 43 (or Form 1040NR, line 40). (However, if you are filing Form 2555 or 2555-EZ (relating to foreign earned income), enter instead the amount from line 3 of the Foreign Earned Income Tax Worksheet on page 38 of the Form 1040 instructions)1.                
 2. Enter your qualified dividends from Form 1040, line 9b (or Form 1040NR, line 10b)2.                 
 3. Enter the amount from Form 4952 (used to figure investment interest expense deduction), line 4g3.                 
 4. Enter the amount from Form 4952, line 4e*4.                 
 5. Subtract line 4 from line 3. If zero or less, enter -0-5.                 
 6. Subtract line 5 from line 2. If zero or less, enter -0-**6.                 
 7. Enter the smaller of line 15 or line 16 of Schedule D7.                 
 8. Enter the smaller of line 3 or line 48.                 
 9. Subtract line 8 from line 7. If zero or less, enter -0-**9.                 
 10. Add lines 6 and 910.                 
 11. Add lines 18 and 19 of Schedule D**11.                 
 12. Enter the smaller of line 9 or line 1112.                 
 13. Subtract line 12 from line 1013.                
 14. Subtract line 13 from line 1. If zero or less, enter -0-14.                
 15. Enter the smaller of: 
   • The amount on line 1 or
• $33,950 if single or married filing separately;
  • $67,900 if married filing jointly or qualifying widow(er); or
  • $45,500 if head of household
Right brace 15.                 
 16. Enter the smaller of line 14 or line 1516.                 
 17. Subtract line 10 from line 1. If zero or less, enter -0-17.                 
 18. Enter the larger of line 16 or line 1718.                 
   If lines 15 and 16 are the same, skip line 19 and go to line 20. Otherwise, go to line 19. 
 19. Subtract line 16 from line 1519.                 
   If lines 1 and 15 are the same, skip lines 20 through 32 and go to line 33. Otherwise, go to line 20. 
 20. Enter the smaller of line 1 or line 1320.                 
 21. Enter the amount from line 19 (if line 19 is blank, enter -0-)21.                 
 22. Subtract line 21 from line 20. If zero or less, enter -0-22.                 
 23. Multiply line 22 by 15% (.15)23.                
   If Schedule D, line 19, is zero or blank, skip lines 24 through 29 and go to line 30. Otherwise, go to line 24. 
 24. Enter the smaller of line 9 above or Schedule D, line 1924.                 
 25. Add lines 10 and 1825.                 
 26. Enter the amount from line 1 above26.                 
 27. Subtract line 26 from line 25. If zero or less, enter -0-27.                 
 28. Subtract line 27 from line 24. If zero or less, enter -0-28.                 
 29. Multiply line 28 by 25% (.25)29.                
   If Schedule D, line 18, is zero or blank, skip lines 30 through 32 and go to line 33. Otherwise, go to line 30. 
 30. Add lines 18, 19, 22, and 2830.                 
 31. Subtract line 30 from line 131.                 
 32. Multiply line 31 by 28% (.28)32.                
 33. Figure the tax on the amount on line 18. Use the Tax Table or Tax Computation Worksheet, whichever applies33.                
 34. Add lines 23, 29, 32, and 3334.                
 35. Figure the tax on the amount on line 1. Use the Tax Table or Tax Computation Worksheet, whichever applies35.                
 36.  Tax on all taxable income (including capital gains and qualified dividends). Enter the smaller of line 34 or line 35. Also include this amount on Form 1040, line 44 (or Form 1040NR, line 41). (If you are filing Form 2555 or 2555-EZ, do not enter this amount on Form 1040, line 44. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet in the Form 1040 instructions)36.                
        
   *If applicable, enter instead the smaller amount you entered on the dotted line next to line 4e of Form 4952.    
   **If you are filing Form 2555 or 2555-EZ, see the footnote in the Foreign Earned Income Tax Worksheet on page 38 of the Form 1040 instructions before completing this line.