טופס 1065 הוראות לתזמן D
הוראות לוח זמנים D (Form 1065), Capital Gains והפסדים
2023
טפסים קשורים
- טופס 1065 לוח זמנים D - מניות והפסדים
Department of the Treasury
Internal Revenue Service
2023
Instructions for Schedule D
(Form 1065)
Capital Gains and Losses
Section references are to the Internal Revenue
Code unless otherwise noted.
Use Form 4797, Sales of Business
Property, to report the following.
U.S. Government publications,
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including the Congressional Record, that
the partnership received from the
Sales or exchanges of property used in
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Future Developments
a trade or business.
Sales or exchanges of depreciable or
government, other than by purchase at the
normal sales price, or that the partnership
got from another taxpayer who had
received it in a similar way, if the
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For the latest information about
amortizable property.
Sales or other dispositions of securities
developments related to Schedule D
(Form 1065) and its instructions, such as
legislation enacted after they were
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or commodities held in connection with a
partnership's basis is determined by
trading business, if the partnership made a reference to the previous owner.
mark-to-market election (see
Certain commodities derivative financial
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Mark-to-market accounting method in the
Instructions for Form 1065).
instruments held by a dealer. See section
1221(a)(6).
General Instructions
Involuntary conversions (other than
Certain hedging transactions entered
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from casualties or thefts).
into in the normal course of the trade or
business. See section 1221(a)(7).
Purpose of Schedule
The disposition of noncapital assets
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Use Schedule D (Form 1065) to report the
following.
(other than inventory or property held
primarily for sale to customers in the
ordinary course of a trade or business).
Supplies regularly used in the trade or
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business.
The total capital gains and losses from
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transactions reported on Form 8949,
Sales and Other Dispositions of Capital
Assets.
Election to defer a qualified section
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Short- or Long-Term Gain
or Loss
1231 gain invested in a qualified
opportunity fund (QOF).
Certain transactions the partnership
Report short-term gains or losses in Part I.
Report long-term gains or losses in Part II.
The holding period for short-term capital
gains and losses is generally 1 year or
less. The holding period for long-term
capital gains and losses is generally more
than 1 year. However, an exception
applies for certain sales of applicable
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Use Form 6781, Gains and Losses
From Section 1256 Contracts and
Straddles, to report gains and losses from
section 1256 contracts and straddles. If
there are limited partners, see section
1256(e)(4) for the limitation on losses from
hedging transactions.
doesn't have to report on Form 8949.
Capital gains from installment sales
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from Form 6252, Installment Sale Income.
Capital gains and losses from like-kind
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exchanges from Form 8824, Like-Kind
Exchanges (and section 1043
conflict-of-interest sales).
Partnership's share of net capital gains
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Use Form 8997, Initial and Annual
Statement of Qualified Opportunity Fund
(QOF) Investments, if you held a qualified
investment in a QOF at any time during the
year. See the Form 8997 instructions.
and losses, including specially allocated
capital gains and losses, from
partnerships, estates, and trusts.
Treatment below.
Capital gain distributions.
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For more information about holding
periods, see the Instructions for Form
8949.
Note. For more information, see Pub.
544, Sales and Other Dispositions of
Assets, and the Instructions for Form
8949.
What Are Capital Assets?
Each item of property the partnership held
(whether or not connected with its trade or
business) is a capital asset except the
following.
Items for Special
Treatment
Other Forms the
Partnership May Have To
File
Transactions with respect to applicable
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Stock in trade or other property
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partnership interests. The long-term
holding period for gains and losses with
respect to applicable partnership interests
is more than 3 years. If the holding period
is 3 years or less, gains and losses with
respect to applicable partnership interests
are treated as short term. An applicable
partnership interest is any interest in a
partnership that, directly or indirectly, is
transferred to (or is held by) the taxpayer
in connection with the performance of
substantial services by the taxpayer, or
any other related person, in any applicable
trade or business. See section 1061 and
Pub. 541, Partnerships, for details.
included in inventory or held mainly for
sale to customers.
Accounts or notes receivable acquired
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Use Form 8949 to report the sale or
not reported on another form or schedule
and to report the income deferral or
exclusion of capital gains. See the
Instructions for Form 8949. Complete all
necessary pages of Form 8949 before you
complete line 1b, 2, 3, 8b, 9, or 10 of
for more information about when to use
Form 8949.
in the ordinary course of the trade or
business for services rendered or from the
sale of stock in trade or other property
held mainly for sale to customers.
Depreciable or real property used in the
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trade or business, even if it is fully
depreciated.
Certain copyrights; literary, musical, or
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artistic compositions; letters or
memoranda; or similar property. See
section 1221(a)(3).
Use Form 4684, Casualties and Thefts,
to report involuntary conversions of
property due to casualty or theft.
Certain patents, inventions, models, or
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designs (whether or not patented); secret
formulas or processes; or similar property.
Jul 21, 2023
Cat. No. 51610S
Transactions by a securities dealer. See
Any loss on the disposition of converted method may not be used to report sales of
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sections 475 and 1236, and Rev. Rul.
97-39, 1997-39 I.R.B. 4.
wetland or highly erodible cropland that is
stock or securities traded on an
first used for farming after March 1, 1986,
is reported as a long-term capital loss on
Form 8949/Schedule D, but any gain on
such a disposition is reported as ordinary
gain on Form 4797. See section 1257 for
details.
established securities market. Use Form
6252 to report the sale on the installment
method. Also use Form 6252 to report any
payment received during the tax year from
a sale made in an earlier year that was
reported on the installment method.
Bonds and other debt instruments. See
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Pub. 550, Investment Income and
Expenses.
Gain on disposition of market discount
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bonds. In general, a capital gain upon the
disposition of a market discount bond is
treated as interest income to the extent of
accrued market discount as of the date of
disposition. See sections 1276 through
1278 and Pub. 550 for more information
on market discount. See the Instructions
for Form 8949 for detailed information
about how to report the disposition of a
market discount bond.
Transfer of partnership assets and
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If the partnership wants to elect out of
the installment method for installment gain
that isn’t specially allocated among the
partners, it must report the full amount of
the gain on Form 8949 on a timely filed
return (including extensions) for the year of
the sale.
liabilities to a newly formed corporation in
exchange for all of its stock. See Rev. Rul.
84-111, 1984-2 C.B. 88.
Disposition of foreign investment in a
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U.S. real property interest. See section
897.
Any loss from a sale or exchange of
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property between the partnership and
certain related persons isn’t allowed,
except for distributions in a complete
liquidation of a corporation. See sections
267 and 707(b) for details.
If the partnership wants to elect out of
the installment method for installment gain
that is specially allocated among the
partners, it must do the following on a
timely filed return (including extensions).
1. For a short-term capital gain, report
the full amount of the gain on Schedule K,
line 8 or 11.
For a long-term capital gain, report the
full amount of the gain on Schedule K,
line 9a or 11. Report the collectibles gain
(28% rate gain) on Schedule K, line 9b.
2. Enter each partner's share of the
full amount of the gain on Schedule K-1,
box 8 or 9a, or in box 11 using code I,
whichever applies. Report the collectibles
gain (28% rate gain) in box 9b of
Schedule K-1.
Contingent payment debt instruments.
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Any gain recognized on the sale,
exchange, or retirement of a contingent
payment debt instrument subject to the
noncontingent bond method is generally
treated as interest income rather than as
capital gain. In certain situations, all or a
portion of a loss recognized on the sale,
exchange, or retirement of a contingent
payment debt instrument subject to the
noncontingent bond method may be
treated as an ordinary loss rather than as
a capital loss. See Regulations section
1.1275-4(b) and Pub. 1212 for more
information on contingent payment debt
instruments subject to the noncontingent
bond method. See the Instructions for
Form 8949 for detailed information about
how to report the disposition of a
Any loss from securities that are capital
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assets that become worthless during the
year is treated as a loss from the sale or
exchange of a capital asset on the last day
of the tax year.
Nonrecognition of gain on sale of stock
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to an employee stock ownership plan
(ESOP) or an eligible cooperative. See
section 1042 and Temporary Regulations
section 1.1042-1T for rules under which a
taxpayer may elect not to recognize gain
from the sale of certain stock to an ESOP
or an eligible cooperative. Under section
703(b), the partnership is the appropriate
entity to make the 1042 election.
If the partnership filed its original return
on time without making the election, it may
make the election on an amended return
filed no later than 6 months after the due
date of the return (excluding extensions).
Enter “Filed pursuant to section
contingent payment debt instrument.
A nonbusiness bad debt must be
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Gain on certain short-term federal,
treated as a short-term capital loss and
can be deducted only in the year the debt
becomes totally worthless. See Pub. 550
for more details.
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state, and municipal obligations (other
than tax-exempt obligations). If a
short-term governmental obligation (other
than a tax-exempt obligation) that is a
capital asset is acquired at an acquisition
discount, a portion of any gain realized is
treated as ordinary income and any
remaining balance as a short-term capital
gain. See section 1271.
Any loss from a wash sale of stock or
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301.9100-2” at the top of the amended
return.
securities (including contracts or options
to acquire or sell stock or securities)
cannot be deducted unless the
A sale or other disposition of an interest
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in a partnership owning unrealized
receivables or inventory items may result
in ordinary gain or loss. See Pub. 541 for
more details.
partnership is a dealer in stock or
securities and the loss was sustained in a
transaction made in the ordinary course of
the partnership's trade or business. A
wash sale occurs if the partnership
acquires (by purchase or exchange), or
has a contract or option to acquire,
substantially identical stock or securities
Certain real estate subdivided for sale
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that may be considered a capital asset.
See section 1237.
Gain from certain constructive
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ownership transactions. Gain in excess of
the net underlying long-term gain the
partnership would have recognized if it
had held a financial asset directly during
the term of a derivative contract must be
treated as ordinary income. See section
1260 for details.
Gain on the sale of depreciable
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property to a more-than-50%-owned
entity, or to a trust in which the partnership
is a beneficiary, is treated as ordinary gain. within 30 days before or after the date of
See section 1239.
Liquidating distributions from a
the sale or exchange. See section 1091 for
more information. Report a wash sale
transaction on Form 8949, Part I or II (with
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corporation. See Pub. 550 for details.
Gain from the sale of collectibles.
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Gain on the sale or exchange of stock in the appropriate box checked), depending
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Report any collectibles gain (28% rate
gain) (loss) included on lines 8a through
14 on line 9b of Schedule K (and each
partner's share in box 9b of
certain foreign corporations. See section
on how long the partnership owned the
stock or securities. Enter “W” in column (f)
and enter as a positive number in column
(g) the amount of the loss not allowed.
Complete all remaining columns. See the
Instructions for Form 8949.
1248.
Gain or loss on options to buy or sell,
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including closing transactions. See Pub.
550 for details.
Schedule K-1). A collectibles gain (28%
rate gain) (loss) is any long-term gain or
deductible long-term loss from the sale or
exchange of a collectible that is a capital
asset.
Gain or loss from a short sale of
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property. See Pub. 550 for details.
Gain from installment sales. If the
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Transfer of property to a political
partnership sold property at a gain and it
will receive a payment in a tax year after
the year of sale, it must generally report
the sale on the installment method unless
it elects not to. However, the installment
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organization if the fair market value (FMV)
of the property exceeds the partnership's
adjusted basis in such property. See
section 84.
Collectibles include works of art, rugs,
antiques, metals (such as gold, silver, and
platinum bullion), gems, stamps, coins,
Instructions for Schedule D (Form 1065) 2023
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alcoholic beverages, and certain other
tangible property.
or disposing of securities) from a trading
business on page 1 of Form 1065.
it would be reported if the election was not
made. Then enter “R” in column (f). Enter
the amount of the postponed gain as a
negative number (in parentheses) in
column (g). See the Instructions for Form
8949.
A trader may also hold securities for
investment. The rules for investors will
generally apply to those securities.
Allocate interest and other expenses
between the partnership's trading
business and its investment securities.
Report any 28% gain or loss from a
sale or exchange of a collectible on Form
8949, Part II (with the appropriate box
checked). See the Instructions for Form
8949.
Attach a statement to Form 1065 that
(a) identifies the replacement qualified
Also include gain (but not loss) from the
sale or exchange of an interest in a
partnership or trust held more than 1 year
and attributable to unrealized appreciation
of collectibles. For details, see
Investment interest expense is reported on small business stock, (b) shows the
line 13c of Schedule K and in box 13 of
Schedule K-1 using code H.
computation of the adjustment to the
partnership's basis in the replacement
stock for the amount of any postponed
gain under section 1045, and (c) shows
the dates on which the replacement stock
was acquired by the partnership.
Constructive sale treatment for certain
appreciated positions. Generally, the
partnership must recognize gain (but not
loss) on the date it enters into a
Regulations section 1.1(h)-1. Also, attach
the statement required under Regulations
section 1.1(h)-1(e).
constructive sale of any appreciated
position in stock, a partnership interest, or
certain debt instruments as if the position
were disposed of at FMV on that date.
The partnership must also
Special rules for traders in securities.
Traders in securities are engaged in the
business of buying and selling securities
for their own account. To be engaged in
business as a trader in securities:
separately state the amount of the
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CAUTION
gain rolled over on qualified stock
under section 1045 on Form 1065,
Schedule K, line 11. Each partner must
determine if he or she qualifies for the
rollover at the partner level or if he or she
wants to opt out of the section 1045
election. Also, the partnership must
separately state on that line any gain that
would qualify for the section 1045 rollover
at the partner level instead of the
partnership level (because a partner was
entitled to purchase replacement stock)
and any gain on qualified stock that could
qualify for an exclusion under section
1202.
The partnership is treated as making a
constructive sale of an appreciated
The partnership must seek to profit from
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position when it (or a related person, in
some cases) does one of the following.
daily market movements in the prices of
securities and not from dividends, interest,
or capital appreciation;
Enters into a short sale of the same or
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substantially identical property (that is, a
“short sale against the box”).
The partnership's trading activity must
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be substantial; and
Enters into an offsetting notional
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The partnership must carry on the
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principal contract relating to the same or
substantially identical property.
activity with continuity and regularity.
The following facts and circumstances
should be considered in determining if a
partnership's activity is a business.
Enters into a futures or forward contract
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to deliver the same or substantially
identical property.
Typical holding periods for securities
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Acquires the same or substantially
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To be qualified small business stock,
the stock must meet all of the following
tests.
bought and sold.
The frequency and dollar amount of the
identical property (if the appreciated
position is a short sale, an offsetting
notional principal contract, or a futures or
forward contract).
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partnership's trades during the year.
It must be stock in a C corporation (that
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The extent to which the partners pursue
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is, not S corporation stock).
It must have been originally issued after
the activity to produce income for a
livelihood.
Exception. Generally, constructive sale
treatment doesn't apply if:
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August 10, 1993.
As of the date the stock was issued, the
The amount of time devoted to the
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The partnership closed the transaction
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activity.
Like an investor, a trader must
before the end of the 30th day after the
end of the tax year in which it was entered
into,
corporation was a qualified small
business. A qualified small business is a
domestic C corporation with total gross
assets of $50 million or less (a) at all times
after August 9, 1993, and before the stock
was issued; and (b) immediately after the
stock was issued. Gross assets include
those of any predecessor of the
generally report each sale of securities
(taking into account commissions and any
other costs of acquiring or disposing of the
securities) on Form 8949 unless one of the
exceptions described in the Instructions
for Form 8949 applies. However, if a trader
made the mark-to-market election (see
Mark-to-market accounting method in the
Instructions for Form 1065), each
The partnership held the appreciated
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position to which the transaction relates
throughout the 60-day period starting on
the date the transaction was closed, and
At no time during that 60-day period
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was the partnership's risk of loss reduced
corporation. All corporations that are
members of the same parent-subsidiary
controlled group are treated as one
corporation.
by holding certain other positions.
For details and other exceptions to
these rules, see Pub. 550.
transaction is reported in Part II of Form
4797 instead of Form 8949.
The partnership must have acquired the
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Rollover of gain from qualified stock.
If the partnership sold qualified small
business stock (defined below) it held for
more than 6 months, it may postpone gain
if it purchased other qualified small
business stock during the 60-day period
that began on the date of the sale. The
partnership must recognize gain to the
extent the sale proceeds exceed the cost
of the replacement stock. Reduce the
basis of the replacement stock by any
postponed gain.
stock at its original issue (either directly or
through an underwriter), either in
Regardless of whether a trader reports
its gains and losses on Form 8949 or Form
4797, the gain or loss from the disposition
of securities isn’t taken into account when
figuring net earnings from
exchange for money or other property or
as pay for services (other than as an
underwriter) to the corporation. In certain
cases, the partnership may meet the test if
it acquired the stock from another person
who met this test (such as by gift or at
death) or through a conversion or
self-employment on Schedules K and K-1.
See section 1402(i) for an exception that
applies to section 1256 contracts.
The limitation on investment interest
expense that applies to investors doesn't
apply to interest paid or incurred in a
trading business. A trader reports interest
expense and other expenses (excluding
commissions and other costs of acquiring
exchange of qualified small business
stock by the holder.
During substantially all the time the
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If the partnership chooses to postpone
gain, report the sale on Form 8949, Part I
or II (with the appropriate box checked), as
partnership held the stock:
1. The corporation was a C
corporation;
Instructions for Schedule D (Form 1065) 2023
-3-
2. At least 80% of the value of the
corporation's assets were used in the
active conduct of one or more qualified
businesses (defined below); and
3. The corporation was not a foreign
corporation, domestic international sales
corporation (DISC), former DISC,
Gain attributable to real property, or an
to report the deferral. You will need to
attach Form 8997 annually until you
dispose of the QOF investment. For more
information, see Form 8997 and its
instructions.
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intangible asset, that isn’t an integral part
of a renewal community business.
Gain from a related-party transaction.
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See Sales and Exchanges Between
Related Persons in chapter 2 of Pub. 544.
Exclusion of gain from DC Zone as-
sets. If the partnership sold or
Gain on the sale of an interest in a
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partnership or stock of an S corporation,
which is a renewal community business
during substantially all of the period you
held such interest or stock, attributable to
real property or an intangible asset which
isn’t an integral part of the renewal
community business.
corporation that has made (or that has a
subsidiary that has made) a section 936
election before March 23, 2018, regulated
investment company (RIC), real estate
investment trust (REIT), real estate
mortgage investment conduit (REMIC),
financial asset securitization investment
trust (FASIT), or cooperative.
exchanged a District of Columbia
Enterprise Zone (DC Zone) asset that it
held for more than 5 years, it may be able
to exclude the qualified capital gain. The
DC Zone asset must have been acquired
after 1997, and before 2012, to qualify as
an asset for which the partnership may be
able to take the exclusion. The sale or
exchange of DC Zone capital assets
reported on Form 8949 and Schedule D
includes the following.
See section 1400F (as in effect before
its repeal on March 23, 2018) for more
details and special rules.
Note. A specialized small business
investment company (SSBIC) is treated as
having met test 2 above.
How to report. If applicable, report
the sale or exchange on Form 8949, Part II
(with the appropriate box checked), as it
would be reported if the exclusion was not
taken. Enter “X” in column (f) and enter the
amount of the exclusion as a negative
number (in parentheses) in column (g).
See the Instructions for Form 8949.
Stock in a domestic corporation that
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was a DC Zone business.
A qualified business is any business
other than the following.
Interest in a partnership that was a DC
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Zone business.
One involving services performed in the
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Report the sale or exchange of tangible
property used in the partnership's DC
Zone business on Form 4797.
field of health, law, engineering,
architecture, accounting, actuarial
science, performing arts, consulting,
athletics, financial services, or brokerage
services.
Gains not qualified for exclusion.
The following gains don’t qualify for the
exclusion of gain from DC Zone assets.
Deferral of gain invested in a qualified
opportunity fund (QOF). If the
One whose principal asset is the
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partnership realized gain from an actual,
or deemed, sale or exchange with an
unrelated person and during the 180-day
period beginning on the date the gain was
realized, invested an amount of the gain in
a QOF, the partnership may be able to
elect to temporarily defer part or all of the
gain that would otherwise be included in
income. If the partnership makes the
election, the gain included in income is
only to the extent, if any, the amount of
realized gain exceeds the aggregate
amount invested in a QOF during the
180-day period beginning on the date gain
is realized. The partnership may also be
able to permanently exclude the gain from
the sale or exchange of any investment in
a QOF if the investment is held for at least
10 years. For more information, see
section 1400Z-2.
reputation or skill of one or more
employees.
Gain attributable to periods after
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December 31, 2016.
Gain on the sale of an interest in a
Any banking, insurance, financing,
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leasing, investing, or similar business.
Any farming business (including the
partnership or stock of an S corporation,
which is a DC Zone business during
substantially all of the period you held
such interest or stock attributable to real
property or an intangible asset which isn’t
an integral part of the DC Zone business.
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raising or harvesting of trees).
Any business involving the production
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of products for which percentage
depletion can be claimed.
Any business of operating a hotel,
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Gain from a related-party transaction.
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motel, restaurant, or similar business.
See Sales and Exchanges Between
Related Persons in chapter 2 of Pub. 544.
Exclusion of gain from qualified com-
munity assets. If the partnership sold or
exchanged a qualified community asset
acquired after 2001 and before 2010, that
it held for more than 5 years, it can exclude
any qualified capital gain. The exclusion
applies to an interest in, or property of,
certain qualified community assets.
Gain treated as ordinary income under
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section 1245.
Section 1250 gain figured as if section
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1250 applied to all depreciation rather
than the additional depreciation.
Gain attributable to real property, or an
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intangible asset, that isn’t an integral part
of a DC Zone business.
Qualified community asset. A
qualified community asset is any of the
following.
Qualified opportunity fund (QOF). A
QOF is any investment vehicle that is
organized as either a corporation or
partnership for the purpose of investing in
eligible property that is located in a
Qualified Opportunity Zone.
See section 1400B (as in effect before
its repeal on March 23, 2018) for more
details on DC Zone assets and special
rules.
Qualified community stock.
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Qualified community partnership
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interest.
How to report. If applicable, report
the sale or exchange of a DC Zone asset
on Form 8949, Part II (with the appropriate
box checked), as it would be reported if
the exclusion was not taken. Enter “X” in
column (f) and enter the amount of the
exclusion as a negative number (in
parentheses) in column (g). See the
Instructions for Form 8949.
Qualified community business property.
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Eligible gain. Gain that is eligible to
be deferred if it is invested in a QOF
includes any amount treated as a capital
gain for federal income tax purposes. See
section 1400Z-2 for more details on QOFs
and the special rules. Also, see IRS.gov/
Qualified capital gain. Qualified
capital gain is any gain recognized on the
sale or exchange of a qualified community
asset, but doesn't include any of the
following.
Gain attributable to periods after
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December 31, 2014.
Gain treated as ordinary income under
Undistributed long-term gains from a
regulated investment company (RIC)
or real estate investment trust (REIT).
Report the partnership's share of
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How to report. Report the eligible
gain on Schedule D (Form 1065) as it
would otherwise be reported if the
section 1245.
Section 1250 gain figured as if section
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1250 applied to all depreciation rather
than the additional depreciation.
partnership were not making the election.
See the Instructions for Form 8949 for how
long-term gains from Form 2439, Notice to
Shareholder of Undistributed Long-Term
Instructions for Schedule D (Form 1065) 2023
-4-
Capital Gains, on Form 8949, Part II (with
box F checked). Enter “From Form 2439”
gain or loss (short term or long term)
reported on Form 1099-B (or substitute
Example 3—adjustment. The
partnership received a Form 1099-B
showing proceeds (in box 1d) of $6,000
and cost or other basis (in box 1e) of
$2,000. Box 12 is checked, meaning that
basis was reported to the IRS. However,
the basis shown in box 1e is incorrect. Do
not report this transaction on line 1a or
line 8a. Instead, report the transaction on
Form 8949. See the instructions for Form
8949, columns (f), (g), and (h). Complete
all necessary pages of Form 8949 before
completing line 1b, 2, 3, 8b, 9, or 10 of
Schedule D.
in column (a). Enter the gain in column (h). statement), or to its gain or loss.
Leave all other columns blank. See the
Instructions for Form 8949.
See How To Complete Form 8949,
Columns (f) and (g) in the Instructions for
Form 8949 for details about possible
adjustments to the partnership's gain or
loss.
NAV method for certain money market
funds. Report capital gain or loss
determined under the net asset value
(NAV) method with respect to shares in a
NAV money market fund on Form 8949,
Part I, with box C checked. Enter the name
of each fund followed by “(NAV)” in column
(a). Enter the net gain or loss in column
(h). Leave all other columns blank. See the
Instructions for Form 8949.
If the partnership chooses to report
these transactions on lines 1a and 8a,
don’t report them on Form 8949.
Figure gain or loss on each line.
Subtract the cost or other basis in column
(e) from the proceeds (sales price) in
column (d). Enter the gain or loss in
column (h). Enter negative amounts in
parentheses.
Lines 1b, 2, 3, 8b, 9, and 10,
Column (h)—Transactions
Reported on Form 8949
Specific Instructions
Complete all necessary pages of Form
8949 before completing line 1b, 2, 3, 8b, 9,
or 10 of Schedule D.
Figure gain or loss on each line. First,
subtract cost or other basis (column (e))
from proceeds/sales price (column (d)).
Then, combine the result with any
adjustments in column (g). Enter the gain
or loss in column (h). Enter negative
amounts in parentheses.
Example 1—basis reported to the
IRS. The partnership received a Form
1099-B reporting the sale of stock held for
3 years, showing proceeds (in box 1d) of
$6,000 and cost or other basis (in box 1e)
of $2,000. Box 12 is checked, meaning
that basis was reported to the IRS. The
partnership doesn't need to make any
adjustments to the amounts reported on
Form 1099-B or enter any codes. This was
your only 2023 transaction. Instead of
reporting this transaction on Form 8949,
the partnership can enter $6,000 on
Schedule D, line 8a, column (d); $2,000 in
column (e); and $4,000 ($6,000 − $2,000)
in column (h).
Rounding Off to Whole Dollars
Cents can be rounded to whole dollars on
Schedule D. If cents are rounded to whole
dollars, all amounts must be rounded. To
round, drop cent amounts under 50 and
increase cent amounts over 49 to the next
dollar. For example, $1.49 becomes $1
and $1.50 becomes $2.
Example 1—gain. Column (d) is
$6,000 and column (e) is $2,000. Enter
$4,000 in column (h).
Example 2—loss. Column (d) is
$6,000 and column (e) is $8,000. Enter
($2,000) in column (h).
Example 3—adjustment. Column (d)
is $6,000, column (e) is $2,000, and
column (g) is ($1,000). Enter $3,000
($6,000 − $2,000 − $1,000) in column (h).
If two or more amounts have to be
added to figure the amount to enter on a
line, include cents when adding the
amounts and round only the total.
Lines 1a and 8a—Transactions
Not Reported on Form 8949
If you had a second transaction that
was the same except that the proceeds
were $5,000 and the basis was $3,000,
combine the two transactions. Enter
$11,000 ($6,000 + $5,000) on
The partnership can report on line 1a (for
short-term transactions) or line 8a (for
long-term transactions) the aggregate
totals from any transactions (except sales
of collectibles) for which:
Lines 6 and 13. Capital Gains
(Losses) From Other
Partnerships, Estates, and
Trusts
Schedule D, line 8a, column (d); $5,000
($2,000 + $3,000) in column (e); and
$6,000 ($11,000 − $5,000) in column (h).
The partnership received a Form
•
See the Schedule K-1 or other information
supplied to the partnership by the other
partnership, estate, or trust.
1099-B (or substitute statement) that
shows basis was reported to the IRS and
doesn't show any adjustment in box 1f or
1g;
Example 2—basis not reported to
the IRS. The partnership received a Form
1099-B showing proceeds (in box 1d) of
$6,000 and cost or other basis (in box 1e)
of $2,000. Box 12 isn’t checked, meaning
that basis was not reported to the IRS.
Don’t report this transaction on line 1a or
line 8a. Instead, report the transaction on
Form 8949. Complete all necessary pages
of Form 8949 before completing line 1b, 2,
3, 8b, 9, or 10 of Schedule D.
Line 14. Capital Gain
Distributions
The Ordinary checkbox in box 2 of
•
Form 1099-B (or substitute statement)
isn’t checked;
Enter on line 14 the total capital gain
distributions paid to the partnership during
the year.
The QOF checkbox in box 3 of Form
•
1099-B (or substitute statement) isn’t
checked; and
The partnership doesn't need to make
•
any adjustments to the basis or type of
Instructions for Schedule D (Form 1065) 2023
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