Form 1040 (Schedule D, Capital Gains and Losses)

Schedule D is a tax form used by individuals, estates, and trusts to report capital gains and losses from the sale or exchange of certain assets.

What You Need To Know

Schedule D is essential for taxpayers with capital asset transactions during the year. Properly completing it ensures accurate reporting of gains/losses and helps you take advantage of potential deductions like loss carryovers while complying with IRS regulations.