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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 1040 Schedule D
for the current year.
IRS Form 1040 Schedule D Capital Gains and Losses
What Is IRS Form 1040 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 1040, U.S. Individual Income Tax Return. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 1040 Schedule D?
A: IRS Form 1040 Schedule D is a tax form used to report capital gains and losses from investments.
Q: What are capital gains and losses?
A: Capital gains and losses are the profits or losses you make from selling stocks, bonds, real estate, or other investments.
Q: When do I need to file Form 1040 Schedule D?
A: You need to file Form 1040 Schedule D if you have capital gains or losses during the tax year.
Q: What information do I need to complete Form 1040 Schedule D?
A: To complete Form 1040 Schedule D, you will need information about the investments you sold, the purchase and sale dates, and the cost basis.
Q: How do I calculate my capital gains or losses?
A: To calculate your capital gains or losses, subtract the cost basis (what you paid for the investment) from the selling price.
Q: Are there different tax rates for long-term and short-term capital gains?
A: Yes, long-term capital gains (holding period of more than one year) are generally taxed at a lower rate than short-term capital gains.
Q: Can I use Form 1040 Schedule D to report losses from the sale of my home?
A: No, you cannot use Form 1040 Schedule D to report losses from the sale of your home. Those losses are reported on a different form, such as Form 4797.
Q: Can I e-file Form 1040 Schedule D?
A: Yes, you can e-file Form 1040 Schedule D if you are filing your tax return electronically.
Q: Do I need to include supporting documents when filing Form 1040 Schedule D?
A: You do not need to include supporting documents when filing Form 1040 Schedule D. However, you should keep them for your records in case of an audit.
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 1040 Schedule D through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 1040 Schedule D Capital Gains and Losses
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