Schedule D Individual - Capital Assets Gains And Losses Form - 2007 Page 2
ADVERTISEMENT
1
2Rev. 11.07
Schedule D Individual - Page 2
Part IV
Lump-Sum Distributions from Qualified Pension Plans and from Variable Annuity Contracts
(A)
(B)
(C)
Description
Fill in if you Prepaid
Distribution Date
Total Distribution
Taxable Amount
Basis
00
00
00
(39)
(42)
22.
Taxable at 20% ................
00
00
(40)
(43)
00
23.
Taxable at 12.5% .............
(41)
(44)
24.
Taxable at 10% .................
00
00
00
00
25.
Total lump-sum distributions from qualified pension plans (Total of Column C) ..........................................................................................................
(45)
00
26.
Lump-sum distributions from variable annuity contracts (See instructions) ............................................................................................................
(46)
00
Lump-sum distributions from variable annuity contracts received on or after July 1, 2007 (See instructions) ......................................................
27.
(47)
28.
Total lump-sum distributions from qualified pension plans and from variable annuity contracts (Add lines 25 through 27. If you did not complete Parts
00
I through III, transfer this amount to Part V, line 37) ............................................................................................................................
(48)
Part V
Net Capital Gains or Losses and Distributions from Qualified Pension Plans for Determination of the Adjusted Gross Income
53
Column A
Column B
Column D
Column C
Gains or Losses
Long-Term
Short-Term
Long-Term
Under Special Legislation
(Beginning on July 1, 2007)
29.
Enter the gains determined on lines 11, 20 and 21 in the
00
00
00
00
(01)
corresponding Column ...........................................
30.
Enter the losses determined on lines 11, 20 and 21 in the
00
(02)
(03)
00
(05)
00
(07)
00
corresponding Column ...............................................
31.
If one or more of Columns B, C and D reflect a loss on
line 30, apply the total to the gain in the other Columns
00
00
00
(See instructions) ......................................................
32.
Subtract line 31 from line 29. If any Column reflected a
00
00
00
loss on line 30, enter zero here ..............................
33.
Apply the loss from line 30, Column A proportionally to
00
00
00
the gains in Columns B, C and D (See instructions) .....
00
00
00
(08)
(04)
(06)
34.
Subtract line 33 from line 32 ...................................
35.
Add the total of Columns B, C and D, line 34. However,
if line 29 does not reflect any gain in Columns B, C and
D, you must enter the total amount of line 30, Columns
00
(09)
A, B, C and D .....................................................
00
(10)
36.
Net capital gain (or loss) (Add line 29, Column A and line 35) ..................…….............................................................................................……
37.
If line 36 is more than zero, enter here and in Part 2, line 2 Q of the return, the sum of lines 28 and 36. If line 36 includes long-term capital gains,
00
(11)
see instructions .......…................................................................................................................................................................…….
38.
If line 36 is a net loss, enter here and in Part 2, line 2 Q of the return, line 28 plus the smaller of the following amounts:
a) The net loss on line 36, or
00
(12)
b) (1,000) ..……………..........................................……………............…........................................................................................…………..
Retention Period: Ten (10) years
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial