Looking for a Puerto Rico Department Of Treasury Forms And Templates? Download it for free!

Rev. 02.11

Schedule D Corporation and Partnership - Page 2

Part IV

Summary of Capital Gains and Losses

Column A

Column B

Column C

Gains or Losses

Under Special

Short - Term

Long - Term

Legislation

12.

Enter the gains determined on lines 6, 10 and 11 in the corresponding Column ........................

(12)

13.

Enter the losses determined on lines 6,10 and 11 in the corresponding Column ......................

(13)

14.

If any of Columns B and C reflect a loss on line 13, apply the total to the gain in the other Column

(See instructions) ..................................................................................................................................................

(14)

15.

Subtract line 14 from line 12. If any Column reflected a loss on line 13, enter zero here ........................................

(15)

16.

Apply the loss from line 13, Column A proportionally to the gains in Columns B and C

(See instructions) ..................................................................................................................................................

(16)

17.

Subtract line 16 from line 15 ..................................................................................................................................

(17)

18.

Add the total of Columns B and C, line 17. However, if line 12 does not reflect any gain in Columns B and C, you must enter the total amount

of line 13, Columns A, B and C ...........................................................................................................................................................

(18)

19.

Net capital gain (or loss) (Add line 12, Column A and line 18) ……...............................................................................................……

(19)

20.

Enter excess of net short-term capital gain over net long-term capital loss (See instructions) …....................................................…….

(20)

21.

Enter excess of net long-term capital gain over net short-term capital loss (See instructions) ….............................................................

(21)

22.

Net capital gain (Add lines 20 and 21. Enter here and on Form 480.10 or 480.20, Part IV, line 9 or on the appropriate line of other returns)

(22)

Part V

Determination of Alternative Tax - Capital Gain

{

(a) Form 480.10 or 480.20, Part II, line 5

Net income ............

(b) Schedule P Incentives, Part I, line 7

23.

(c) Others - Enter the amount from the appropriate line of the return ................................................................

(23)

24.

Enter the amount from line 17, Column B .............................................................................................................................................

(24)

Enter the amount from line 17, Column C ..............................................................................................................................,..............

25.

(25)

26.

Net income for purposes of alternative tax - capital gain (Subtract lines 24 and 25 from line 23) ...........................................................

(26)

COMPUTATION OF NET INCOME TO DETERMINE ALTERNATIVE TAX

27.

Net income for purposes of partial normal tax (Enter the amount from line 26) ......................................................................................

(27)

Less: Credit for purposes of surtax (From the appropriate line of the return) .......................................................................................

28.

(28)

Net income subject to partial surtax ......................................................................................................................................................

29.

(29)

COMPUTATION OF ALTERNATIVE TAX

30.

Partial normal tax (Multiply line 27

by:

20%

25%

30%, as applicable.

See

instructions)

................................................

(30)

31.

Surtax ..................................................................................................................................................................................................

(31)

32.

Amount of recapture .............................................................................................................................................................................

(32)

33.

Total tax (Add lines 30 through 32) ......................................................................................................................................................

(33)

34.

Plus: 15% of the amount on line 24 ......................................................................................................................................................

(34)

35.

Plus: _____% (under special legislation) of the amount on line 25 (enter the applicable percent) .........................................................

(35)

36.

Alternative Tax - Capital gains (Add lines 33 through 35. Enter the total here and transfer to Form 480.10 or 480.20, Part III, line 12

or to the appropriate line of other returns) ..............................................................................................................................................

(36)

Part VI

Gains (or Losses) from Property Other than Capital Assets

(A)

(B)

(C)

(D)

(E)

(F)

Date

Description and Location of Property

Sale Price

Adjusted Basis

Selling Expenses

Gain or Loss

Acquired

Sold

37.

Net gain (or loss) from property other than capital assets (Enter here and on Form 480.10 or 480.20, Part IV,

line 10 or on the appropriate line of other returns) .................................................................................................................................

(37)

Retention Period: Ten (10) years

Schedule D Corporation And Partnership - Gains And Losses From Sale Or Exchange Of Property Page 2

Related Articles

Related forms

Related Categories