Schedule D (Form 1120s) - Capital Gains And Losses And Built-In Gains - 1995
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1SCHEDULE D
Capital Gains and Losses and Built-In Gains
OMB No. 1545-0130
(Form 1120S)
Attach to Form 1120S.
Department of the Treasury
See separate instructions.
Internal Revenue Service
Name
Employer identification number
Part I
Short-Term Capital Gains and Losses—Assets Held One Year or Less
(a) Kind of property and description
(b) Date acquired
(c) Date sold
(e) Cost or other basis
(f) Gain or (loss)
(d) Sales price
(Example, 100 shares of “Z” Co.)
(mo., day, yr.)
(mo., day, yr.)
(see instructions)
((d) less (e))
1
2
2
Short-term capital gain from installment sales from Form 6252, line 26 or 37
3
3
Short-term capital gain or (loss) from like-kind exchanges from Form 8824
4
4
Combine lines 1 through 3 and enter here
5
5
Tax on short-term capital gain included on line 31 below
6
Net short-term capital gain or (loss). Subtract line 5 from line 4. Enter here and on Form 1120S,
Schedule K, line 4d or line 6
6
Part II
Long-Term Capital Gains and Losses—Assets Held More Than One Year
7
8
8
Long-term capital gain from installment sales from Form 6252, line 26 or 37
9
9
Long-term capital gain or (loss) from like-kind exchanges from Form 8824
10
10
Combine lines 7 through 9 and enter here
11
11
Tax on long-term capital gain included on lines 23 and 31 below
12
Net long-term capital gain or (loss). Subtract line 11 from line 10. Enter here and on Form 1120S,
Schedule K, line 4e or line 6
12
Part III
Capital Gains Tax (See instructions before completing this part.)
13
13
Enter section 1231 gain from Form 4797, line 10
14
14
Net long-term capital gain or (loss). Combine lines 10 and 13
Note: If the corporation is liable for the excess net passive income tax (For m 1120S, page 1, line
22a) or the built-in gains tax (Part IV below), see the line 15 instructions before completing line 15.
15
15
Net capital gain. Enter excess of net long-term capital gain (line 14) over net short-term capital loss (line 4)
16
$25,000
16
Statutory minimum
17
17
Subtract line 16 from line 15
18
18
Enter 34% of line 17
19
19
Taxable income (see instructions and attach computation schedule)
20
20
Enter tax on line 19 amount (see instructions and attach computation schedule)
21
Net capital gain from substituted basis property (see instructions and attach computation schedule)
21
22
22
Enter 35% of line 21
23
Tax. Enter the smallest of line 18, 20, or 22 here and on Form 1120S, page 1, line 22b
23
Built-In Gains Tax (See instructions before completing this part.)
Part IV
24
Excess of recognized built-in gains over recognized built-in losses (see instructions and attach
24
computation schedule)
25
25
Taxable income (see instructions and attach computation schedule)
26
26
Net recognized built-in gain. Enter the smallest of line 24, line 25, or line 9 of Schedule B (see instructions)
27
27
Section 1374(b)(2) deduction
28
28
Subtract line 27 from line 26. If zero or less, enter -0- here and on line 31
29
29
Enter 35% of line 28
30
30
Business credit and minimum tax credit carryforwards under section 1374(b)(3) from C corporation years
31
Tax. Subtract line 30 from line 29 (if zero or less, enter -0-). Enter here and on Form 1120S,
page 1, line 22b
31
For Paperwork Reduction Act Notice, see page 1 of Instructions for Form 1120S.
Cat. No. 11516V
Schedule D (Form 1120S) 1995
Printed on recycled paper
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