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

2012

Name Employer identification number

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

Complete Form 8949 before completing line 1, 2, or 3. 

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

whole dollars. 

(d) Proceeds (sales 

price) from Form(s) 

8949, Part I, line 2, 

column (d)

(e) Cost or other basis 

from Form(s) 8949, 

Part I, line 2, column 

(e)

(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)

1 Short-term totals from all Forms 8949 with box A checked 

in Part I. 

2 Short-term totals from all Forms 8949 with box B checked 

in Part I.

3 Short-term totals from all Forms 8949 with box C checked 

in Part I.

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 1 through 6 in column h. . . . . . . . . 7

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

Complete Form 8949 before completing line 8, 9, or 10. 

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

whole dollars. 

(d) Proceeds (sales 

price) from Form(s) 

8949, Part II, line 4, 

column (d)

(e) Cost or other basis 

from Form(s) 8949, 

Part II, line 4, column 

(e)

(g) Adjustments to gain 

or loss from Form(s) 

8949, Part II, line 4, 

column (g)

(h) Gain or (loss).

Subtract column (e) from 

column (d) and combine 

the result with column (g)

8 Long-term totals from all Forms 8949 with box A checked 

in Part II.

9 Long-term totals from all Forms 8949 with box B checked 

in Part II.

10 Long-term totals from all Forms 8949 with box C checked 

in Part II.

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 8 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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) (2012)