Report Capital Gains and Losses on Schedule D

Schedule D - Capital Gains and Losses is part of your personal income tax return, reporting personal capital gains and losses. Schedule D is used to report:

• The sale or exchange of a personal capital asset not reported on another form or schedule.
  
• Gains from involuntary conversions (other than from casualty or theft) of capital assets and Losses not held for business or profit.
  
• Capital gain distributions not reported directly on Form 1040, line 13 (or effectively connected capital gain distributions not reported directly on Form 1040NR, line 14)
  
• Non-business bad debts.

If you are reporting on the sale of business property for capital gains purposes, use Form 4797 instead of Schedule D.

Back to What You Need to Know about Capital Gains