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California Free Printable 2019 Schedule D-1 Sales of Business Property for 2020 California Sales of Business Property

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Sales of Business Property
2019 Schedule D-1 Sales of Business Property

TAXABLE YEAR 2019 Sales of Business Property CALIFORNIA SCHEDULE D-1 (Also Involuntary Conversions and Recapture Amounts Under IRC Sections 179 and 280F(b)(2)) Complete and attach this schedule to your tax return only if your California gains or losses are different from your federal gains or losses. Name(s) as shown on tax return SSN, ITIN, CA SOS file no., California Corp. no., or FEIN Part I Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other Than Casualty and Theft – Property Held More Than 1 Year Use federal Form 4684, Casualties and Thefts, to report involuntary conversions from casualty and theft.  1 Enter the gross proceeds from sales or exchanges reported to you for 2019 on federal Form 1099-S, Proceeds From Real Estate Transactions (or a substitute statement), that you will be including on line 2 or line 10, (column (d)), or on line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   (b) (c) (d) (e) (a) Description of property  3  4  5  6  7 Date acquired (mm/dd/yyyy) Date sold (mm/dd/yyyy)                Gross sales price Depreciation allowed or allowable since acquisition 1 (f) Cost or other basis, plus improvements and expense of sale (g) Gain or (Loss) Subtract (f) from the sum of (d) and (e)    3 4 5 6 7   8 Nonrecaptured net IRC Section 1231 losses from prior years . Enter as a positive number . See instructions . . . . . . . . . . . . . . .  9 Subtract line 8 from line 7 . If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S corporations: If line 9 is more than zero, enter this amount on Schedule D (100S), Section B, Part II, line 5 and enter the amount, if any, from line 8 on line 12 below. If line 9 is zero, enter the amount from line 7 on line 12 below. All others: If line 9 is more than zero, enter the amount from line 8 on line 12 below, and enter the amount from line 9 as follows: Form 540 and Form 540NR filers, enter as a capital gain on Schedule D (540 or 540NR), line 1; Form 100 and Form 100W filers, enter the gain on Form 100 or 100W, Side 6, Schedule D, Part II, line 6. If line 9 is zero, enter the amount from line 7 on line 12 below. See instructions. Part II Section A – Ordinary Gains and Losses 10 Ordinary gains and losses not included on line 11 through line 16 (include property held 1 year or less): 8 9 Gain, if any, from federal Form 4684, line 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IRC Section 1231 gain from installment sales from form FTB 3805E, line 26 or line 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IRC Section 1231 gain or (loss) from like-kind exchanges from federal Form 8824 (completed using California amounts) . . . . Gain, if any, from line 35, from other than casualty and theft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Combine line 2 through line 6. Enter gain or (loss) here and on the appropriate line as follows: . . . . . . . . . . . . . . . . . . . . . . . . . IRC Section 179 Assets: For reporting the sale or disposition of assets for which an IRC Section 179 expense deduction was claimed in a prior year, see instructions. Partnerships or Limited Liability Companies (classified as partnerships): Enter the gain or (loss) on Schedule K (565 or 568), line 10. Skip lines 8, 9, 11, and 12 below. S corporations: If line 7 is zero or a loss, enter the amount on line 11 below and skip line 8 and line 9 . If line 7 is a gain, continue to line 8 . All others: If line 7 is zero or a loss, enter the amount on line 11 below and skip line 8 and line 9. If line 7 is a gain and you did not have any prior year IRC Section 1231 losses, or they were recaptured in an earlier year, enter the gain as follows: Form 540 and Form 540NR filers, enter the gain on Schedule D (540 or 540NR), line 1, and skip lines 8, 9, and 12 below; Form 100 and Form 100W filers, enter the gain on Form 100 or 100W, Side 6, Schedule D, Part II, line 6, and skip lines 8, 9, and 12 below. 11 12 13 14 15 16 17 18 (a) Description of property (b) Date acquired (mm/dd/yyyy) (c) Date sold (mm/dd/yyyy) (d) Gross sales price (e) Depreciation allowed or allowable since acquisition                (f) Cost or other basis, plus improvements and expense of sale       Loss, if any, from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gain, if any, from line 7, or amount from line 8, if applicable. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gain, if any, from line 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net gain or (loss) from federal Form 4684, line 31 and line 38a (completed using California amounts) . . . . . . . . . . . . . . . . . . . . Ordinary gain from installment sales from form FTB 3805E, line 25 or line 36. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . Ordinary gain or (loss) from like-kind exchanges from federal Form 8824 (completed using California amounts) . . . . . . . . . . . . Combine line 10 through line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . For all except individual tax returns, enter the amount from line 17 on the appropriate line of your tax return and skip line a and line b below. For individual tax returns, complete line a and line b below: see instructions. a If the loss on line 11 includes a loss from federal Form 4684, Section B, Part II, column (b)(ii) of line 30 or line 35, enter that part of the loss here. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Redetermine the gain or (loss) on line 17, excluding the loss, if any, on line 18a. Enter here and on line 20 . . . . . . . . . . . . . . For Privacy Notice, get FTB 1131 ENG/SP. 7811193 (g) Gain or (Loss) Subtract (f) from the sum of (d) and (e) 11 12 13 14 15 16 17 18a 18b (        ) Schedule D-1  2019  Side 1  Part II Section B – Adjusting California Ordinary Gain or Loss For individual tax returns (Form 540 and Form 540NR) only . 19 19 Enter ordinary federal gain or (loss) from federal Schedule 1 (Form 1040 or 1040-SR), line 4 . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 Enter ordinary California gain or (loss) from line 18b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Ordinary gain or loss adjustment: Compare line 19 and line 20. See instructions. a If line 19 is more than line 20, enter the difference here and on Sch. CA (540), Part I or Sch. CA (540NR), Part II, Section B, line 4, col. B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21a b If line 20 is more than line 19, enter the difference here and on Sch . CA (540), Part I or Sch . CA (540NR), Part II, Section B, line 4, col . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21b Date acquired Part III Gain from Disposition of Property Under IRC Sections 1245, 1250, 1252, 1254, and 1255 Description of IRC Sections 1245, 1250, 1252, 1254, and 1255 property . 22 A B C D Relate the properties on lines 22A through 22D to these columns  ▶ 23 Gross sales price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Cost or other basis plus expense of sale . . . . . . . . . . . . . . . . . 24 25 Depreciation (or depletion) allowed or allowable . . . . . . . . . . . 25 26 Adjusted basis . Subtract line 25 from line 24 . . . . . . . . . . . . . . 26 27 Total gain . Subtract line 26 from line 23 . . . . . . . . . . . . . . . . . . 27 28 If IRC Section 1245 property: a Depreciation allowed or allowable from line 25 . . . . . . . . . . 28a b Enter the smaller of line 27 or line 28a . . . . . . . . . . . . . . . 28b 29 If IRC Section 1250 property: If straight-line depreciation was used, enter -0- on line 29g, except for a corporation subject to IRC Sec . 291: a Additional depreciation after 12/31/76 . See instructions . . . 29a b Applicable percentage multiplied by the smaller of line 27 or line 29a . See instructions . . . . . . . . . . . . . . . . . . 29b c Subtract line 29a from line 27 . If line 27 is not more than line 29a, skip line 29d and line 29e . . . . . . . . . . . . . . . . . . . 29c d Additional depreciation after 12/31/70 and before 1/1/77. . . 29d e Enter the smaller of line 29c or line 29d . . . . . . . . . . . . . . 29e f IRC Section 291 amount (for corporations only) . See instructions 29f g Add line 29b, line 29e, and line 29f . . . . . . . . . . . . . . . . . . . 29g 30 If IRC Section 1252 property: Skip section if you did not dispose of farm land or if form is being completed for a partnership . a Soil, water, and land clearing expenses . . . . . . . . . . . . . . . . 30a b Applicable percentage multiplied by line 30a . See instructions 30b c Enter the smaller of line 27 or line 30b . . . . . . . . . . . . . . . 30c 31 If IRC Section 1254 property: a Intangible drilling and development costs deducted after 12/31/76 31a b Enter the smaller of line 27 or line 31a . . . . . . . . . . . . . . . 31b 32 If IRC Section 1255 property: a Applicable percentage of payments excluded from income under IRC Section 126 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32a Property A Property B (mm/dd/yyyy) Date sold (mm/dd/yyyy) Property C Property D b Enter the smaller of line 27 or line 32a . . . . . . . . . . . . . . . 32b Summary of Part III Gains. Complete property column A through column D for line 23 through line 32b before going to line 33 . 33 Total gains for all properties . Add column A through column D of line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 34 Add column A through column D of lines 28b, 29g, 30c, 31b, and 32b . Enter here and on line 13 . . . . . . . . . . . . . . 34 35 Subtract line 34 from line 33 . Enter the portion from other than casualty and theft here and on line 6 . Enter the portion from casualty and theft on federal Form 4684, line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Part IV Recapture Amounts Under IRC Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less (a) Expense deductions 36 Expense deductions or recovery deductions . See instructions . . . . . . . . . . . . . . . . . . 36 37 Depreciation or recovery deductions . See instructions . . . . . . . . . . . . . . . . . . . . . . . 37 38 Recapture amount . Subtract line 37 from line 36 . See instructions . . . . . . . . . . . . . . 38 Side 2  Schedule D-1  2019 7812193 (b) Recovery deductions
Extracted from PDF file 2019-california-form-540-schedule-d-1.pdf, last modified December 2019

More about the California Form 540 Schedule D-1 Individual Income Tax TY 2019

Use Schedule D-1, Sales of Business Property, to report the sale or exchange of business property when the California basis of the asset(s) is different from the federal basis due to differences between California and federal law.

We last updated the Sales of Business Property in February 2020, so this is the latest version of Form 540 Schedule D-1, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 540 Schedule D-1 directly from TaxFormFinder. You can print other California tax forms here.

Related California Individual Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the California Form 540 Schedule D-1.

Form Code Form Name
Form 540 Schedule CA California Adjustments - Residents
Form 540 Schedule CA INS Instructions for Schedule CA (540)
Form 540 Schedule P Alternative Minimum Tax and Credit Limitations - Residents
Form 540 Schedule S 2019 Instructions Schedule S
Form 540 Schedule D California Capital Gain or Loss Adjustment
Form 540 Schedule G-1 Tax on Lump-Sum Distributions

Download all CA tax forms View all 175 California Income Tax Forms


Form Sources:

California usually releases forms for the current tax year between January and April. We last updated California Form 540 Schedule D-1 from the Franchise Tax Board in February 2020.

Show Sources >

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of California Form 540 Schedule D-1

We have a total of eight past-year versions of Form 540 Schedule D-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 540 Schedule D-1

2019 Schedule D-1 Sales of Business Property

2018 Form 540 Schedule D-1

2018 Schedule D-1 (540) - Sales of Business Property Instructions

2017 Form 540 Schedule D-1

2017 Schedule D-1 (540) - Sales of Business Property Instructions

2016 Form 540 Schedule D-1

2016 540 Schedule D-1 -- Sales of Business Property

Exempt Organization Business Income Tax Return 2015 Form 540 Schedule D-1

2015 Form 109 -- California Exempt Organization Business Income Tax Return

Sales of Business Property 2014 Form 540 Schedule D-1

2014 Schedule D-1 -- Sales of Business Property

Sales of Business Property (Fill-in) 2013 Form 540 Schedule D-1

2013 Schedule D-1 -- Sales of Business Property

2011 California Schedule D-1 2011 Form 540 Schedule D-1

2011 Schedule D-1 -- Sales of Business Property


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