Federal Free Printable 2016 Schedule D (Form 1041) for 2017 Federal Capital Gains and Losses

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Capital Gains and Losses
2016 Schedule D (Form 1041)

SCHEDULE D (Form 1041) Department of the Treasury Internal Revenue Service Capital Gains and Losses OMB No. 1545-0092 ▶ Attach to Form 1041, Form 5227, or Form 990-T. Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9 and 10. ▶ Information about Schedule D and its separate instructions is at www.irs.gov/form1041. 2016 ▶ Employer identification number Name of estate or trust Note: Form 5227 filers need to complete only Parts I and II. 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) (g) Adjustments to gain or loss from Form(s) 8949, Part I, line 2, column (g) (e) Cost (or other basis) (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 or (loss) from Forms 4684, 6252, 6781, and 8824 . 5 6 Net short-term gain or (loss) from partnerships, S corporations, and other estates or trusts . . . Short-term capital loss carryover. Enter the amount, if any, from line 9 of the 2015 Capital Loss Carryover Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). Enter here and on line 17, column (3) on the back . . . . . . . . . . . . . . . . . . . . . ▶ 7 Part II . . . . . . . 4 . 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) 5 6 ( ) 7 (g) (h) Gain or (loss) Adjustments Subtract column (e) to gain or loss from from column (d) and Form(s) 8949, Part II, combine the result with line 2, column (g) column (g) (e) Cost (or other basis) 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 Long-term capital gain or (loss) from Forms 2439, 4684, 6252, 6781, and 8824 . . . . 11 12 Net long-term gain or (loss) from partnerships, S corporations, and other estates or trusts . . . 12 13 Capital gain distributions . . . 13 14 15 Gain from Form 4797, Part I . . . . . . . . . . . . . . . . . . . . . . . . Long-term capital loss carryover. Enter the amount, if any, from line 14 of the 2015 Capital Loss Carryover Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . Net long-term capital gain or (loss). Combine lines 8a through 15 in column (h). Enter here and on line 18a, column (3) on the back . . . . . . . . . . . . . . . . . . . . . ▶ 16 . . . . . . . . . . . . For Paperwork Reduction Act Notice, see the Instructions for Form 1041. . . . . . . . . . . Cat. No. 11376V . . . 14 15 ( ) 16 Schedule D (Form 1041) 2016 Schedule D (Form 1041) 2016 Part III 17 18 a b c 19 Page Summary of Parts I and II Caution: Read the instructions before completing this part. Net short-term gain or (loss) . . . . . . . . . . 17 Net long-term gain or (loss): Total for year . . . . . . . . . . . . . . . 18a Unrecaptured section 1250 gain (see line 18 of the wrksht.) . 18b 28% rate gain . . . . . . . . . . . . . . . 18c Total net gain or (loss). Combine lines 17 and 18a . . ▶ 19 (1) Beneficiaries’ (see instr.) (2) Estate’s or trust’s 2 (3) Total Note: If line 19, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Form 990-T, Part I, line 4a). If lines 18a and 19, column (2), are net gains, go to Part V, and don't complete Part IV. If line 19, column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet, as necessary. Part IV 20 a Capital Loss Limitation Enter here and enter as a (loss) on Form 1041, line 4 (or Form 990-T, Part I, line 4c, if a trust), the smaller of: The loss on line 19, column (3) or b $3,000 . . . . . . . . . . . . . . . . . 20 ( ) Note: If the loss on line 19, column (3), is more than $3,000, or if Form 1041, page 1, line 22 (or Form 990-T, line 34), is a loss, complete the Capital Loss Carryover Worksheet in the instructions to figure your capital loss carryover. Part V Tax Computation Using Maximum Capital Gains Rates Form 1041 filers. Complete this part only if both lines 18a and 19 in column (2) are gains, or an amount is entered in Part I or Part II and there is an entry on Form 1041, line 2b(2), and Form 1041, line 22, is more than zero. Caution: Skip this part and complete the Schedule D Tax Worksheet in the instructions if: • Either line 18b, col. (2) or line 18c, col. (2) is more than zero, or • Both Form 1041, line 2b(1), and Form 4952, line 4g are more than zero. Form 990-T trusts. Complete this part only if both lines 18a and 19 are gains, or qualified dividends are included in income in Part I of Form 990-T, and Form 990-T, line 34, is more than zero. Skip this part and complete the Schedule D Tax Worksheet in the instructions if either line 18b, col. (2) or line 18c, col. (2) is more than zero. 21 22 Enter taxable income from Form 1041, line 22 (or Form 990-T, line 34) . Enter the smaller of line 18a or 19 in column (2) but not less than zero . . . . . . . . . 22 23 Enter the estate’s or trust’s qualified dividends from Form 1041, line 2b(2) (or enter the qualified dividends included in income in Part I of Form 990-T) . . . . 24 25 Add lines 22 and 23 . . . . . . . . . . If the estate or trust is filing Form 4952, enter the amount from line 4g; otherwise, enter -0- . . ▶ 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 . 21 23 24 25 Subtract line 25 from line 24. If zero or less, enter -0- . . . . . . . 26 Subtract line 26 from line 21. If zero or less, enter -0- . . . . . . . 27 Enter the smaller of the amount on line 21 or $2,550 . . . . . . . 28 Enter the smaller of the amount on line 27 or line 28 . . . . . . . 29 ▶ Subtract line 29 from line 28. If zero or less, enter -0-. This amount is taxed at 0% . . . . . Enter the smaller of line 21 or line 26 . . . . . . . . . . . . 31 Subtract line 30 from line 26 . . . . . . . . . . . . . . . 32 Enter the smaller of line 21 or $12,400 . . . . . . . . . . . . 33 Add lines 27 and 30 . . . . . . . . . . . . . . . . . . 34 Subtract line 34 from line 33. If zero or less, enter -0- . . . . . . . 35 Enter the smaller of line 32 or line 35 . . . . . . . . . . . . 36 ▶ Multiply line 36 by 15% (0.15) . . . . . . . . . . . . . . . . . . . . . . Enter the amount from line 31 . . . . . . . . . . . . . . . 38 Add lines 30 and 36 . . . . . . . . . . . . . . . . . . 39 Subtract line 39 from line 38. If zero or less, enter -0- . . . . . . . 40 ▶ Multiply line 40 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . . Figure the tax on the amount on line 27. Use the 2016 Tax Rate Schedule for Estates and Trusts (see the Schedule G instructions in the instructions for Form 1041) . . 42 Add lines 37, 41, and 42 . . . . . . . . . . . . . . . . . 43 Figure the tax on the amount on line 21. Use the 2016 Tax Rate Schedule for Estates and Trusts (see the Schedule G instructions in the instructions for Form 1041) . . 44 Tax on all taxable income. Enter the smaller of line 43 or line 44 here and on Form 1041, Schedule ▶ G, line 1a (or Form 990-T, line 36) . . . . . . . . . . . . . . . . . . . . . 30 37 41 45 Schedule D (Form 1041) 2016
Extracted from PDF file 2016-federal-1041-schedule-d.pdf, last modified December 2016

More about the Federal 1041 (Schedule D) Individual Income Tax TY 2016

We last updated the Capital Gains and Losses in January 2017, so this is the latest version of 1041 (Schedule D), fully updated for tax year 2016. You can download or print current or past-year PDFs of 1041 (Schedule D) directly from TaxFormFinder. You can print other Federal tax forms here.


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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 1041 (Schedule D) from the Internal Revenue Service in January 2017.

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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 Federal 1041 (Schedule D)

We have a total of six past-year versions of 1041 (Schedule D) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 1041 (Schedule D)

2016 Schedule D (Form 1041)

Capital Gains and Losses 2015 1041 (Schedule D)

2015 Schedule D (Form 1041)

Capital Gains and Losses 2014 1041 (Schedule D)

2014 Schedule D (Form 1041)

Capital Gains and Losses 2013 1041 (Schedule D)

2013 Schedule D (Form 1041)

Capital Gains and Losses 2012 1041 (Schedule D)

2012 Schedule D (Form 1041)

Capital Gains and Losses 2011 1041 (Schedule D)

2011 Form 1041 (Schedule D)


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