Instructions for IRS Form 1120 Schedule D Capital Gains and Losses

IRS Form 1120 Schedule D Capital Gains and Losses

This document contains official instructions for IRS Form 1120 Schedule D, Capital Gains and Losses - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1120 Schedule D is available for download through this link.

FAQ

Q: What is IRS Form 1120 Schedule D?
A: IRS Form 1120 Schedule D is a tax form used by corporations to report capital gains and losses.

Q: What are capital gains and losses?
A: Capital gains are profits from the sale of assets, while capital losses are the losses incurred from the sale of assets.

Q: When is Form 1120 Schedule D required?
A: Form 1120 Schedule D is required when a corporation has capital gains or losses during the tax year.

Q: What information is required on Form 1120 Schedule D?
A: Form 1120 Schedule D requires the corporation to provide details of the assets sold, the cost basis, the sale price, and the resulting gain or loss.