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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 1120-S Schedule D
for the current year.
IRS Form 1120-S Schedule D Capital Gains and Losses and Built-In Gains
What Is IRS Form 1120-S Schedule D?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1120-S, U.S. Income Tax Return for an S Corporation. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 1120-S Schedule D?
A: IRS Form 1120-S Schedule D is a tax form used by S corporations to report capital gains and losses and built-in gains.
Q: What are capital gains and losses?
A: Capital gains and losses are the profits or losses that occur when you sell an asset, such as stocks, bonds, or real estate.
Q: What is a built-in gain?
A: A built-in gain is a gain that is realized from the sale of an asset by an S corporation that was previously a C corporation.
Q: Who needs to file IRS Form 1120-S Schedule D?
A: S corporations that have capital gains or losses or built-in gains need to file IRS Form 1120-S Schedule D.
Q: What information is required on IRS Form 1120-S Schedule D?
A: IRS Form 1120-S Schedule D requires information on the assets sold, the dates of sale, the purchase price, and the sales price.
Form Details:
- A 2-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1120-S Schedule D through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 1120-S Schedule D Capital Gains and Losses and Built-In Gains
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