Schedule D (Form 1041) - Capital Gains And Losses - 2012 Page 2

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2
Schedule D (Form 1041) 2012
Page
Part III
Summary of Parts I and II
(1) Beneficiaries’
(2) Estate’s
(3) Total
(see instr.)
or trust’s
Caution: Read the instructions before completing this part.
13
Net short-term gain or (loss)
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13
14
Net long-term gain or (loss):
a Total for year
14a
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b Unrecaptured section 1250 gain (see line 18 of the wrksht.)
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14b
c 28% rate gain
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14c
15
Total net gain or (loss). Combine lines 13 and 14a
15
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Note: If line 15, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Form 990-T, Part I, line 4a). If lines 14a and 15, column (2), are net
gains, go to Part V, and do not complete Part IV. If line 15, column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet, as
necessary.
Part IV
Capital Loss Limitation
16
Enter here and enter as a (loss) on Form 1041, line 4 (or Form 990-T, Part I, line 4c, if a trust), the smaller of:
16 (
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a The loss on line 15, column (3) or b $3,000
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Note: If the loss on line 15, column (3), is more than $3,000, or if Form 1041, page 1, line 22 (or Form 990-T, line 34), is a loss, complete the Capital
Loss Carryover Worksheet in the instructions to figure your capital loss carryover.
Part V
Tax Computation Using Maximum Capital Gains Rates
Form 1041 filers. Complete this part only if both lines 14a and 15 in column (2) are gains, or an amount is entered in Part I or Part II and there is an
entry on Form 1041, line 2b(2), and Form 1041, line 22, is more than zero.
Caution: Skip this part and complete the Schedule D Tax Worksheet in the instructions if:
Either line 14b, col. (2) or line 14c, col. (2) is more than zero, or
Both Form 1041, line 2b(1), and Form 4952, line 4g are more than zero.
Form 990-T trusts. Complete this part only if both lines 14a and 15 are gains, or qualified dividends are included in income in Part I of Form 990-T,
and Form 990-T, line 34, is more than zero. Skip this part and complete the Schedule D Tax Worksheet in the instructions if either line 14b, col. (2) or
line 14c, col. (2) is more than zero.
17
Enter taxable income from Form 1041, line 22 (or Form 990-T, line 34) .
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18
Enter the smaller of line 14a or 15 in column (2)
but not less than zero .
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18
19
Enter the estate’s or trust’s qualified dividends from
Form 1041, line 2b(2) (or enter the qualified dividends
included in income in Part I of Form 990-T)
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19
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20
Add lines 18 and 19
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21
If the estate or trust is filing Form 4952, enter the
amount from line 4g; otherwise, enter -0-
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22
Subtract line 21 from line 20. If zero or less, enter -0-
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23
Subtract line 22 from line 17. If zero or less, enter -0-
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23
24
Enter the smaller of the amount on line 17 or $2,400
24
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25
Is the amount on line 23 equal to or more than the amount on line 24?
Yes. Skip lines 25 and 26; go to line 27 and check the “No” box.
No. Enter the amount from line 23 .
25
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26
Subtract line 25 from line 24
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26
27
Are the amounts on lines 22 and 26 the same?
Yes. Skip lines 27 thru 30; go to line 31.
No. Enter the smaller of line 17 or line 22
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28
Enter the amount from line 26 (If line 26 is blank, enter -0-)
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28
29
29
Subtract line 28 from line 27
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30
Multiply line 29 by 15% (.15)
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30
31
Figure the tax on the amount on line 23. Use the 2012 Tax Rate Schedule for Estates and Trusts
(see the Schedule G instructions in the instructions for Form 1041) .
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31
32
Add lines 30 and 31
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32
33
Figure the tax on the amount on line 17. Use the 2012 Tax Rate Schedule for Estates and Trusts
(see the Schedule G instructions in the instructions for Form 1041) .
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33
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Tax on all taxable income. Enter the smaller of line 32 or line 33 here and on Form 1041, Schedule
G, line 1a (or Form 990-T, line 36) .
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34
Schedule D (Form 1041) 2012

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