SCHEDULE D 

(Form 1120)

Department of the Treasury 

Internal Revenue Service

Capital Gains and Losses

▶ Attach to Form 1120, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-IC-DISC, 1120-L, 1120-ND, 1120-PC, 

1120-POL, 1120-REIT, 1120-RIC, 1120-SF, or certain Forms 990-T.

▶ Information about Schedule D (Form 1120) and its separate instructions is at www.irs.gov/form1120.

OMB No. 1545-0123

2016

Name Employer identification number

Part I Short-Term Capital Gains and Losses—Assets Held One Year or Less

See instructions for how to figure the amounts to enter on 

the lines below.

This form may be easier to complete if you round off cents to 

whole dollars. 

(d)

Proceeds 

(sales price)

(e)

Cost 

(or other basis)

(g) Adjustments to gain 

or loss from Form(s) 

8949, Part I, line 2, 

column (g)

(h) Gain or (loss) 

Subtract column (e) from 

column (d) and combine 

the result with column (g)

1a 

 

 

 

Totals for all short-term transactions reported on Form 

1099-B for which basis was reported to the IRS and for 

which you have no adjustments (see instructions). However, 

if you choose to report all these transactions on Form 8949, 

leave this line blank and go to line 1b . . . . . .

1b Totals for all transactions reported on Form(s) 8949 

with Box A checked . . . . . . . . . .

2 Totals for all transactions reported on Form(s) 8949 

with Box B checked . . . . . . . . . .

3 Totals for all transactions reported on Form(s) 8949 

with Box C checked . . . . . . . . . .

4 Short-term capital gain from installment sales from Form 6252, line 26 or 37 . . . . . . . . . . 4

5 Short-term capital gain or (loss) from like-kind exchanges from Form 8824 . . . . . . . . . . 5

6 Unused capital loss carryover (attach computation) . . . . . . . . . . . . . . . . . 6 ( )

7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column h. . . . . . . . . . 7

Part II Long-Term Capital Gains and Losses—Assets Held More Than One Year

See instructions for how to figure the amounts to enter on 

the lines below. 

This form may be easier to complete if you round off cents to 

whole dollars. 

(d) 

Proceeds 

(sales price)

(e) 

Cost 

(or other basis)

(g) Adjustments to gain 

or loss from Form(s) 

8949, Part II, line 2, 

column (g)

(h) Gain or (loss) 

Subtract column (e) from 

column (d) and combine 

the result with column (g)

8a 

 

 

 

Totals for all long-term transactions reported on Form 

1099-B for which basis was reported to the IRS and for 

which you have no adjustments (see instructions). However, 

if you choose to report all these transactions on Form 8949, 

leave this line blank and go to line 8b . . . . . .

8b Totals for all transactions reported on Form(s) 8949 

with Box D checked . . . . . . . . . . .

9 Totals for all transactions reported on Form(s) 8949 

with Box E checked . . . . . . . . . .

10 Totals for all transactions reported on Form(s) 8949 

with Box F checked . . . . . . . . . .

11 Enter gain from Form 4797, line 7 or 9 . . . . . . . . . . . . . . . . . . . . . . 11

12 Long-term capital gain from installment sales from Form 6252, line 26 or 37 . . . . . . . . . . 12

13 Long-term capital gain or (loss) from like-kind exchanges from Form 8824 . . . . . . . . . . 13

14 Capital gain distributions (see instructions) . . . . . . . . . . . . . . . . . . . . 14

15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column h . . . . . . . . . 15

Part III Summary of Parts I and II

16 Enter excess of net short-term capital gain (line 7) over net long-term capital loss (line 15) . . . . . 16

17 Net capital gain. Enter excess of net long-term capital gain (line 15) over net short-term capital loss (line 7) 17

18 Add lines 16 and 17. Enter here and on Form 1120, page 1, line 8, or the proper line on other returns. If 

the corporation has qualified timber gain, also complete Part IV . . . . . . . . . . . . . . 18

Note: If losses exceed gains, see Capital losses in the instructions.

For Paperwork Reduction Act Notice, see the Instructions for Form 1120. Cat. No. 11460M Schedule D (Form 1120) 2016
Schedule D (Form 1120) 2016 Page 2

Part IV Alternative Tax for Corporations with Qualified Timber Gain. Complete Part IV only if the corporation has 

qualified timber gain under section 1201(b). Skip this part if you are filing Form 1120-RIC. See instructions.

19 Enter qualified timber gain (as defined in section 1201(b)(2)) . . . . . 19

20 Enter taxable income from Form 1120, page 1, line 30, or the applicable line 

of your tax return . . . . . . . . . . . . . . . . . . 20

21 Enter the smallest of: (a) the amount on line 19; (b) the amount on line 20; or 

(c) the amount on Part III, line 17 . . . . . . . . . . . . . 21

22 Multiply line 21 by 23.8% (0.238) . . . . . . . . . . . . . . . . . . . . . . . 22

23 Subtract line 17 from line 20. If zero or less, enter -0- . . . . . . . 23

24 Enter the tax on line 23, figured using the Tax Rate Schedule (or applicable tax rate) appropriate for 

the return with which Schedule D (Form 1120) is being filed . . . . . . . . . . . . . . 24

25 Add lines 21 and 23 . . . . . . . . . . . . . . . . . 25

26 Subtract line 25 from line 20. If zero or less, enter -0- . . . . . . . 26

27 Multiply line 26 by 35% (0.35) . . . . . . . . . . . . . . . . . . . . . . . . 27

28 Add lines 22, 24, and 27 . . . . . . . . . . . . . . . . . . . . . . . . . . 28

29 Enter the tax on line 20, figured using the Tax Rate Schedule (or applicable tax rate) appropriate for the 

return with which Schedule D (Form 1120) is being filed . . . . . . . . . . . . . . . . 29

30 Enter the smaller of line 28 or line 29. Also enter this amount on Form 1120, Schedule J, line 2, or the 

applicable line of your tax return . . . . . . . . . . . . . . . . . . . . . . . 30

Schedule D (Form 1120) 2016