U, S. Treasury Department
Internal Revenue Sorvice

SCHEDULE OF GAINS AND LOSSES FROM SALES OR EXCHANGES OF PROPERTY

For Calendar Year 1951
_., 1951, and ending __..

SCHEDULE D (Form 1120) 1951

or taxable year beginning _... way 1952

Name and address __.

4) CAPITAL ASSETS

5. Depreciation Alowed (or | 6. Coster Other Basis and Cost 4, Galn Loss (column 4 plus
allowable) Sinee Acquisition or | of Improvements Subst 17. Expense of Sale toiumn Sess the sam of elms
March 1, 1813 (Fura details) or Mar and 7)

2, Date Acquired | 3. Date Std 4, Grass Sates Pri
1 Desiin t Popety Hig *Bay"Vent| es boy tear] “(Cnt

SHORT-TERM CAPITAL GAINS AND LOSSES—ASSETS HELD FOR NOT MORE THAN 6 MONTHS

2. Net capital loss carry-over (attach statement).
ital gain (or loss) ..........+
LONG-TERM CAPITAL GAINS AND LOSSES—ASSETS HELD FOR MORE THAN 6 MONTHS

wa
3
ia
3
8
a
$

09

SUMMARY OF CAPITAL GAINS AND LOSSES

Gain or Less To Be Taken Into Account

Ctasiteten : ;
(@) Gain (b) Loss

6. Total net short-term capital gain (or loss) from line 3. Js. | $ \
7. Total net long-term capital gain (or loss) from line 5. . Le |S. | $.
8. Total net short-term capital gain or excess of net short-term capital gain over net long- |

term capital loss (line 6, col. (a) minus line 7, col. (b)). Enter here and as item 13 |

(a), page 1, Form’1120... . |_xxxxxxx | xx
9. Total net long-term capital gain or excess of net long-term capital gain over net short- |

term capital loss (line 7, col. (a) minus line 6, cole (b)). Enter ‘here and as item 13

), page 1, Form 1120... $ | xxxxxxx| xx
10. Excess of losses over gains in lines 6 and 7. This excess is not allowable............4+ | xxxxxxxlxx § |

COMPUTATION OF ALTERNATIVE TAX FOR CALENDAR YEAR 1951
For other taxable years ending after March 31, 1951, and before Decembor 31, 1952, see instructions on Form 1120FY (1951-1952)

11, Surtax net income (line 5, page 3, Form 1120) |
12. Less: Total net long-term capital gain or excess of net long-term capital gain over net short-term capital loss |
: |

line 9 of summary)

13. Surcax net income for purpose of alternative tax.....
14. Combined normal tax and surtax. If amount of line 13 is:

Not over $25,000; enter 28% percent of line 13 (30% percent if a consolidated return)

Over $25,000. Compute 50% percent of line 13 (52%

difference....... beet cece ences cece tenet eee .

15. Less: Notmal tax adjustment for partially tax-exempt interest; enter 28%4 percent of the su

16. Partial tax . see
17. 25 percent of line 12.
18. Alternative tax (line 16 plus line 17)
19. Normal tax and surtax (line 8, page 3, Form 1120)... beceees :
20. Tax liability (line 18 or 19, whichever is lesser). Enter here and as line 9, page 3, Form 1120

(2) PROPERTY OTHER THAN CAPITAL ASSETS

$, Doweain Aled x | & oar Oe Bou 2nd Ct |
av

| 1. Gla or Lore (Column 4 pus
2, Dats asqued | 3. Date se 4 ft ua ale Pratt ron Ay Hine

1, Deseription of of to 7, Expense of Sale ess
1, Design of peprty Hie. Day" Yea | Ma, ay Year Hare 15 (Farnh aetals) | “Aegan March 1900 wns ‘ohne 8301)

2. Total net gain (or loss). Enter here and as item 13 (¢), page 1, Form 1120......ssssssseeeesseeutseeteetess 5

State with respect to cach item of property reported in Schedule D (1) and (2): (1) how property was acquired .
_ __ (2) whether at time of sale or exchange (a) purchaser owned directly or indirectly more than 50
percent in value of your outstanding stock, (6) where purchaser was a corporation, more than 50 percent in value of its capital stock and 50
percent in value of your capital stock was owned ditectly or indirectly by or for the same individual or his family, and (¢) where purchaser
was a corporation, whether more than 50 percent in value of its capital stock was owned ditectly ot indirectly by you
If so, state name and address of purchaser ..

Instructions For Insurance Companies Using This Schedule

Companies taxable under section 204 and having losses from capital assets sold or exchanged in order to obtain funds to meet abnormal insurance losses, etc., shall attach a
schedule corresponding to Schedule D, Form 1120M.

For companies taxable under section 204 or section 207 (a) (1) or (3), “inet capital loss"” means the amount by which the losses for the taxable year from sales or exchanges of
capital assets exceed the sum of the gains from such sales or exchanges and the lesser of (1) the corporation surtax net income (computed without regard to gains ot losses from
sales or exchanges of capital assets) or (2) losses from the sale or exchange of capital assets sold or exchanged to obtain funds to meet abnormal insurance losses and to provide for
the payment of dividends and similar distributions co policyholders.

For companies taxable under section 207 (a) (1) or (3), all references to “‘item’* or “‘line"’ numbers, Form 1120, shall be considered as references to the appropriate “‘item’’
or “'line’” in Form 1120M. Ie will be necessary for such companies to substitute for lines 14, 15, and 16 of the above alternative tax computation, a computation conforming to that
on page 2 of Form 1120M.

19-05505-1 YU. 5, covennwenr pmunrine orrice