California Schedule D-1 - Sales Of Business Property - 2012 Page 2
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2Part II Section B – Adjusting California Ordinary Gain or Loss For individual returns (Form 540 and Long Form 540NR ) only .
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19 Enter ordinary federal gains and losses from federal Form 1040, line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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20 Enter ordinary California gains and losses from Side 1, line 18b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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21 Ordinary gain or loss adjustment: Compare line 19 and line 20 . See instructions .
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a If line 19 is more than line 20, enter the difference here and on Schedule CA (540 or 540NR), line 14, column B . . . . . . . . . .
21a
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b If line 20 is more than line 19, enter the difference here and on Schedule CA (540 or 540NR), line 14, column C . . . . . . . . . .
21b
Part III Gain from Disposition of Property Under IRC Sections 1245, 1250, 1252, 1254, and 1255
Date acquired
Date sold
Description of IRC Sections, 1245, 1250, 1252, 1254, and 1255 property .
(mo ., day, yr)
(mo ., day, yr)
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22 A
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B
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C
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D
Relate lines 22A through 22D to these columns
Property A
Property B
Property C
Property D
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23 Gross sales price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
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24 Cost or other basis plus expense of sale . . . . . . . . . . . . . . . . . .
24
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25 Depreciation (or depletion) allowed or allowable . . . . . . . . . . . .
25
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26 Adjusted basis . Subtract line 25 from line 24 . . . . . . . . . . . . . . .
26
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27 Total gain . Subtract line 26 from line 23 . . . . . . . . . . . . . . . . . . .
27
28 If IRC Section 1245 property:
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a Depreciation allowed or allowable . . . . . . . . . . . . . . . . . . . . .
28a
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b Enter the smaller of line 27 or line 28a . . . . . . . . . . . . . . . .
28b
29
If straight-line depreciation was used,
If IRC Section 1250 property:
enter -0- on line 29g, except for a corporation subject to IRC Sec . 291:
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a Additional depreciation after 12/31/76 .
. . . . .
29a
See instructions
b Applicable percentage multiplied by the smaller of
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29b
line 27 or line 29a . See instructions . . . . . . . . . . . . . . . . . . .
c Subtract line 29a from line 27 . If line 27 is not more than
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line 29a, skip line 29d and line 29e . . . . . . . . . . . . . . . . . . . .
29c
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d Additional depreciation after 12/31/70 and before 1/1/77 . . .
29d
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e Enter the smaller of line 29c or line 29d . . . . . . . . . . . . . . .
29e
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f
29f
IRC Section 291 amount (for corporations only) .
See instructions
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g Add line 29b, line 29e, and line 29f . . . . . . . . . . . . . . . . . . . .
29g
30 If IRC Section 1252 property: Skip section if you did not dispose
of farm land or if form is being completed for a partnership .
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a Soil, water, and land clearing expenses . . . . . . . . . . . . . . . .
30a
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b Applicable percentage multiplied by line 30a .
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30b
See instructions
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c Enter the smaller of line 27 or line 30b . . . . . . . . . . . . . . . .
30c
31 If IRC Section 1254 property:
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a Intangible drilling and development costs deducted after 12/31/76
31a
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b Enter the smaller of line 27 or line 31a . . . . . . . . . . . . . . . .
31b
32 If IRC Section 1255 property:
a Applicable percentage of payments excluded from income
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under IRC Section 126 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32a
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b Enter the smaller of line 27 or line 32a . . . . . . . . . . . . . . . .
32b
Summary of Part III Gains. Complete property column A through column D for line 23 through line 32b before going to line 33 .
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33 Total gains for all properties . Add column A through column D of line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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34 Add column A through column D of lines 28b, 29g, 30c, 31b, and 32b . Enter here and in Part II, line 13 . . . . . . . . . .
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35 Subtract line 34 from line 33 . Enter the portion from other than casualty and theft here and on Part I, line 6 .
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Enter the portion from casualty and theft on federal Form 4684, Section B, line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Part IV Recapture Amounts Under IRC Sections 179 and 280F When Business Use Drops to 50% or Less, or Under California R&TC Sections 17267.2,
17267.6, 17268, 24356.6, 24356.7, and 24356.8 for Property Which Ceases to be Qualified Property
(a) Expense deductions
(b) Recovery deductions
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36 Expense deductions or recovery deductions . See instructions . . . . . . . . . . . . . . . . . .
36
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37 Depreciation or recovery deductions . See instructions . . . . . . . . . . . . . . . . . . . . . . .
37
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38 Recapture amount . Subtract line 37 from line 36 . See instructions . . . . . . . . . . . . . .
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Side 2 Schedule D-1 2012
7812123
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