Schedule D-1 Sales of Business Property - California

What Is Schedule D-1?

This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Schedule D-1?
A: Schedule D-1 is a form used to report the sales of business property in California.

Q: Who needs to file Schedule D-1?
A: Individuals or businesses who have sold business property in California must file Schedule D-1.

Q: What information is required on Schedule D-1?
A: Schedule D-1 requires information such as the description of the property sold, the date of sale, the sale price, and any gains or losses.

Q: Is there a deadline for filing Schedule D-1?
A: Yes, Schedule D-1 must be filed with your California state tax return by the due date, which is usually April 15th.

Q: Are there any penalties for not filing Schedule D-1?
A: Yes, if you do not file Schedule D-1 or file it late, you may be subject to penalties and interest.

Q: Can I e-file Schedule D-1?
A: Yes, you can e-file Schedule D-1 along with your California state tax return.

Q: Do I need to include supporting documents with Schedule D-1?
A: You should keep all supporting documents related to the sale of business property, but you do not need to attach them to Schedule D-1 when filing.

Q: Can I amend Schedule D-1 if I made a mistake?
A: Yes, if you made a mistake on Schedule D-1, you can file an amended return using the appropriate form.