SCHEDULE D (Form 1040) Capital Gains and Losses 2011

Summary: This is an example of Schedule D (Form 1040) 2011 as pertains to the example in the text for Peter and Betty Clark. The line items completed are:

Under Part II: Long-Term Capital Gains and Losses--Assets Held More Than One Year:
10e. Sales price from Form(s) 8949, line 4, column (e) field contains 695,000
10f. Cost or other basis from Form(s) 8949, line 4, column (f) field contains 42,250
10g. Adjustments to gain or loss from Form(s) 8949, line 4, column (e) field contains 500,000
10h. Gain or (loss) combine columns (e), (f), and (g) field contains 152,750
15. Net long-term capital gain or (loss). Combine lines 8 through 14 in column (h). Then go to Part III on the back field contains 152,750

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