Schedule D-1 - Sales Of Business Property - 2015 Page 2

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Schedule D-1 (Rev. 2015)

PAGE 2

Part III

Gain from Disposition of Property Under IRC Sections 1245, 1250, 1252, 1254, and 1255

(b) Date acquired

20 (a) Description of IRC sections 1245, 1250, 1252, 1254, or 1255 property:

(mo., day, yr.)



Relate lines 20A through 20D to these columns

Property A

Property B

Property C

Property D

21 Gross sales price (Note: See line 1 before completing.) ............................ 21

22 Cost or other basis plus expense of sale .................................................... 22

23 Depreciation (or depletion) allowed or allowable ........................................ 23

24 Adjusted basis. Line 22 minus line 23 ...................................................... 24

25 Total gain. Line 21 minus line 24 .............................................................. 25

26 If IRC section 1245 property:

a Depreciation allowed or allowable after applicable date (see Instructions)

26a

b Enter smaller of line 25 or 26a ............................................................. 26b

27 If IRC section 1250 property: (If straight line depreciation was used,

enter zero on line 27i)

a Additional depreciation after 12/31/76 (see Instructions) .................... 27a

b Applicable percentage times the smaller of line 25 or line 27a

(see Instructions) .................................................................................. 27b

c Line 25 minus line 27a. If residential rental property or line 25

is not more than line 27a, skip lines 27d through 27h ........................... 27c

d Additional depreciation after 12/31/74 and before 1/1/77 .................... 27d

e Applicable percentage times the smaller of line 27c or 27d

(see Instructions) .................................................................................. 27e

Line 27c minus line 27d. If line 27c is not more than line 27d,

skip lines 27g and 27h .......................................................................... 27f

g Additional depreciation after 12/31/64 and before 1/1/75 ................... 27g

h Applicable percentage times the smaller of line 27f or 27g

(see Instructions) .................................................................................. 27h

Add line 27b, 27e, and 27h ................................................................... 27i

28 If IRC section 1252 property: Skip this section if you did not dispose of

farmland or if this form is being completed for a partnership.

a Soil, water and land clearing expenses made after 12/31/76 .............. 28a

b Line 28a times applicable percentage (see Instructions) .................... 28b

c Enter smaller of line 25 or 28b ............................................................. 28c

29 If IRC section 1254 property:

a Intangible drilling and development costs deducted after

12/31/76 (see Instructions) ................................................................... 29a

b Enter smaller of line 25 or 29a ............................................................. 29b

30 If IRC section 1255 property:

a Applicable percentage of payments excluded from income

under IRC section 126 (see Instructions) .............................................. 30a

b Enter smaller of line 25 or 30a ............................................................. 30b

Summary of Part III Gains (Complete Property columns A through D through line 30b before going on to line 31.)

31 Total gains for all properties. Add columns A through D, line 25 ................................................................................................

32 Add property columns A through D, lines 26b, 27i, 28c, 29b, and 30b. Enter here and on Part II, line 14 .................................

33 Line 31 minus line 32. Enter the portion from casualty or theft on federal Form 4684, line 33. Enter the portion

from other than casualty or theft on Schedule D-1, Part I, line 6 .................................................................................................

Recapture Amounts Under IRC Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less

Part IV

(See Instructions for Part IV.)

(a) Section

(b) Section

179

280F(b)(2)

34 IRC section 179 expense deduction or depreciation allowable in prior years ..................................................

35 Recomputed depreciation (see Instructions) ....................................................................................................

36 Recapture amount. (line 34 minus line 35) (see Instructions for where to report) ...........................................