Form 100S Schedule D "S Corporation Capital Gains and Losses and Built-In Gains" - California

What Is Form 100S Schedule D?

This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California.The document is a supplement to Form 100S, California S Corporation Franchise or Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

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Download a fillable version of Form 100S Schedule D by clicking the link below or browse more documents and templates provided by the California Franchise Tax Board.

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Download Form 100S Schedule D "S Corporation Capital Gains and Losses and Built-In Gains" - California

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S Corporation Capital Gains
(a)
Description of property
(Example: 100 shares 7% preferred of “Z” Co.)
(b)
Date acquired
(mm/dd/yyyy)
(c)
Date sold
(mm/dd/yyyy)
(d)
Gross sales price
(e)
Cost or other basis
plus expense of sale
(f)
Gain (loss)
col. (d) less col. (e)
(a)
Description of property
(Example: 100 shares 7% preferred of “Z” Co.)
(b)
Date acquired
(mm/dd/yyyy)
(c)
Date sold
(mm/dd/yyyy)
(d)
Gross sales price
(e)
Cost or other basis
plus expense of sale
(f)
Gain (loss)
col. (d) less col. (e)
TAXABLE YEAR
CALIFORNIA SCHEDULE
2020
D (100S)
and Losses and Built-In Gains
Attach to Form 100S.
Corporation name
California corporation number
SECTION A – 8.84% Tax on Built-In Gains
Part I
Short-Term Capital Gains and Losses – Assets Held One Year or Less. Use additional sheets if necessary.
(a)
(b)
(c)
(d)
(e)
(f)
Description of property
Date acquired
Date sold
Gross sales price
Cost or other basis
Gain (loss)
(Example: 100 shares 7% preferred of “Z” Co.)
(mm/dd/yyyy)
(mm/dd/yyyy)
plus expense of sale
col. (d) less col. (e)
1
2 Short-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824. See instructions
. . . . . . . . . . . . . . . .
2
00
00
3 a Net short-term capital gain (loss). Combine line 1, column (f) and line 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3a
00
b Tax on short-term capital gain(s) included on line 12 below
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3b
00
c Subtract line 3b from line 3a. Enter here and on Form 100S, Schedule K, column (d), line 7 or line 10b
. . . . . . . . . . . . . . . .
3c
Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year. Use additional sheets if necessary.
4
00
5 Long-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824. See instructions
. . . . . . . . . . . . . . . .
5
00
6 a Net long-term capital gain (loss). Combine line 4, column (f) and line 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6a
00
b Tax on long-term capital gain(s) included on line 12 below
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6b
c Subtract line 6b from line 6a. Enter here and on Form 100S, Schedule K, column (d), line 8 or line 10b
. . . . . . . . . . . . . . . .
6c
00
Part III Tax on Built-In Gains. See instructions before completing this part.
00
7 Excess of recognized built-in gains over recognized built-in losses attributable to California. Attach computation schedule
. . .
7
8 Taxable income. Get the instructions for federal Schedule D (Form 1120-S). Use California amounts
8
00
. . . . . . . . . . . . . . . . . . . .
00
9 Enter the smaller of line 7, line 8, or computed amount. See instructions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
00
10 Net operating loss (NOL) carryover deduction from years the corporation was a C corporation. See instructions
. . . . . . . . . . .
10
00
11 Subtract line 10 from line 9. If zero or less, enter 0 here and on line 12
- -
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 Tax on built-in gains. Multiply line 11 by 8.84% (financial S corps. must use 10.84%). Enter here and on
00
Form 100S, Side 2, line 27
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
Part IV Net Capital Gains (Losses)
00
13 Combine amounts on Part I, line 3a and Part II, line 6a. Enter here and on Form 100S, Side 1, line 4
13
SECTION B – 1.5% Tax on Capital Gains
Part I
Short-Term Capital Gains and Losses – Assets Held One Year or Less. Use additional sheets if necessary.
(a)
(b)
(c)
(d)
(e)
(f)
Description of property
Date acquired
Date sold
Gross sales price
Cost or other basis
Gain (loss)
(Example: 100 shares 7% preferred of “Z” Co.)
(mm/dd/yyyy)
(mm/dd/yyyy)
plus expense of sale
col. (d) less col. (e)
1
2 a Short-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
2a
00
00
b Combine line 1, column (f) and line 2a. Enter here and on Form 100S, Schedule K, column (d), line 7 or line 10b
. . . . . . . .
2b
00
c Unused capital loss carryover from 2019 attributable to the S corporation
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2c
00
3 Net short-term capital gain (loss). Combine line 2b and line 2c
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year. Use additional sheets if necessary.
4
00
5 Enter gain from Schedule D-1, line 9 and/or any capital gain distributions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
00
6 Long-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 Net long-term capital gain (loss). Combine line 4, column (f) through line 6. Enter here and on Form 100S, Schedule K,
column (d), line 8 or line 10b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
00
00
8 Enter excess of net short-term capital gain Section B, Part I, line 3 over net long-term capital loss Section B, Part II, line 7
. . .
8
00
9 Net capital gain. Enter excess of net long-term capital gain (line 7) over net short-term capital loss (line 3)
. . . . . . . . . . . . . . .
9
10 Total line 8 and line 9. If line 10 is a gain, enter here and on Form 100S, Side 1, line 4. If line 10 is a loss,
00
carry forward losses to taxable year 2021
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
7751203
Schedule D (100S) 2020 Side 1
S Corporation Capital Gains
(a)
Description of property
(Example: 100 shares 7% preferred of “Z” Co.)
(b)
Date acquired
(mm/dd/yyyy)
(c)
Date sold
(mm/dd/yyyy)
(d)
Gross sales price
(e)
Cost or other basis
plus expense of sale
(f)
Gain (loss)
col. (d) less col. (e)
(a)
Description of property
(Example: 100 shares 7% preferred of “Z” Co.)
(b)
Date acquired
(mm/dd/yyyy)
(c)
Date sold
(mm/dd/yyyy)
(d)
Gross sales price
(e)
Cost or other basis
plus expense of sale
(f)
Gain (loss)
col. (d) less col. (e)
TAXABLE YEAR
CALIFORNIA SCHEDULE
2020
D (100S)
and Losses and Built-In Gains
Attach to Form 100S.
Corporation name
California corporation number
SECTION A – 8.84% Tax on Built-In Gains
Part I
Short-Term Capital Gains and Losses – Assets Held One Year or Less. Use additional sheets if necessary.
(a)
(b)
(c)
(d)
(e)
(f)
Description of property
Date acquired
Date sold
Gross sales price
Cost or other basis
Gain (loss)
(Example: 100 shares 7% preferred of “Z” Co.)
(mm/dd/yyyy)
(mm/dd/yyyy)
plus expense of sale
col. (d) less col. (e)
1
2 Short-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824. See instructions
. . . . . . . . . . . . . . . .
2
00
00
3 a Net short-term capital gain (loss). Combine line 1, column (f) and line 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3a
00
b Tax on short-term capital gain(s) included on line 12 below
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3b
00
c Subtract line 3b from line 3a. Enter here and on Form 100S, Schedule K, column (d), line 7 or line 10b
. . . . . . . . . . . . . . . .
3c
Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year. Use additional sheets if necessary.
4
00
5 Long-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824. See instructions
. . . . . . . . . . . . . . . .
5
00
6 a Net long-term capital gain (loss). Combine line 4, column (f) and line 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6a
00
b Tax on long-term capital gain(s) included on line 12 below
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6b
c Subtract line 6b from line 6a. Enter here and on Form 100S, Schedule K, column (d), line 8 or line 10b
. . . . . . . . . . . . . . . .
6c
00
Part III Tax on Built-In Gains. See instructions before completing this part.
00
7 Excess of recognized built-in gains over recognized built-in losses attributable to California. Attach computation schedule
. . .
7
8 Taxable income. Get the instructions for federal Schedule D (Form 1120-S). Use California amounts
8
00
. . . . . . . . . . . . . . . . . . . .
00
9 Enter the smaller of line 7, line 8, or computed amount. See instructions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
00
10 Net operating loss (NOL) carryover deduction from years the corporation was a C corporation. See instructions
. . . . . . . . . . .
10
00
11 Subtract line 10 from line 9. If zero or less, enter 0 here and on line 12
- -
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 Tax on built-in gains. Multiply line 11 by 8.84% (financial S corps. must use 10.84%). Enter here and on
00
Form 100S, Side 2, line 27
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
Part IV Net Capital Gains (Losses)
00
13 Combine amounts on Part I, line 3a and Part II, line 6a. Enter here and on Form 100S, Side 1, line 4
13
SECTION B – 1.5% Tax on Capital Gains
Part I
Short-Term Capital Gains and Losses – Assets Held One Year or Less. Use additional sheets if necessary.
(a)
(b)
(c)
(d)
(e)
(f)
Description of property
Date acquired
Date sold
Gross sales price
Cost or other basis
Gain (loss)
(Example: 100 shares 7% preferred of “Z” Co.)
(mm/dd/yyyy)
(mm/dd/yyyy)
plus expense of sale
col. (d) less col. (e)
1
2 a Short-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
2a
00
00
b Combine line 1, column (f) and line 2a. Enter here and on Form 100S, Schedule K, column (d), line 7 or line 10b
. . . . . . . .
2b
00
c Unused capital loss carryover from 2019 attributable to the S corporation
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2c
00
3 Net short-term capital gain (loss). Combine line 2b and line 2c
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year. Use additional sheets if necessary.
4
00
5 Enter gain from Schedule D-1, line 9 and/or any capital gain distributions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
00
6 Long-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 Net long-term capital gain (loss). Combine line 4, column (f) through line 6. Enter here and on Form 100S, Schedule K,
column (d), line 8 or line 10b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
00
00
8 Enter excess of net short-term capital gain Section B, Part I, line 3 over net long-term capital loss Section B, Part II, line 7
. . .
8
00
9 Net capital gain. Enter excess of net long-term capital gain (line 7) over net short-term capital loss (line 3)
. . . . . . . . . . . . . . .
9
10 Total line 8 and line 9. If line 10 is a gain, enter here and on Form 100S, Side 1, line 4. If line 10 is a loss,
00
carry forward losses to taxable year 2021
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
7751203
Schedule D (100S) 2020 Side 1