Schedule D (Form 1041) - Capital Gains And Losses - 2017 Page 2
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Schedule D (Form 1041) 2017
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.
17
Net short-term gain or (loss) .
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17
18
Net long-term gain or (loss):
a Total for year
18a
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b Unrecaptured section 1250 gain (see line 18 of the wrksht.)
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c 28% rate gain
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18c
19
Total net gain or (loss). Combine lines 17 and 18a .
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Note: If line 19, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Form 990-T, Part I, line 4a). If lines 18a and 19, column (2), are net
gains, go to Part V, and don't complete Part IV. If line 19, column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet, as
necessary.
Part IV
Capital Loss Limitation
20
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:
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a The loss on line 19, column (3) or b $3,000
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Note: If the loss on line 19, 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 18a and 19 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:
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Either line 18b, col. (2) or line 18c, col. (2) is more than zero, or
Both Form 1041, line 2b(1), and Form 4952, line 4g are more than zero.
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Form 990-T trusts. Complete this part only if both lines 18a and 19 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 18b, col. (2) or
line 18c, col. (2) is more than zero.
21
Enter taxable income from Form 1041, line 22 (or Form 990-T, line 34) .
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22
Enter the smaller of line 18a or 19 in column (2)
but not less than zero .
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22
23
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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Add lines 22 and 23
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25
If the estate or trust is filing Form 4952, enter the
amount from line 4g; otherwise, enter -0-
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26
Subtract line 25 from line 24. If zero or less, enter -0-
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27
Subtract line 26 from line 21. If zero or less, enter -0-
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27
28
Enter the smaller of the amount on line 21 or $2,550
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29
Enter the smaller of the amount on line 27 or line 28
29
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30
Subtract line 29 from line 28. If zero or less, enter -0-. This amount is taxed at 0% .
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31
Enter the smaller of line 21 or line 26
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31
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32
Subtract line 30 from line 26
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33
Enter the smaller of line 21 or $12,500 .
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33
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Add lines 27 and 30
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34
35
35
Subtract line 34 from line 33. If zero or less, enter -0-
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36
Enter the smaller of line 32 or line 35
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36
37
Multiply line 36 by 15% (0.15) .
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37
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38
Enter the amount from line 31 .
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38
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Add lines 30 and 36
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40
Subtract line 39 from line 38. If zero or less, enter -0-
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40
41
Multiply line 40 by 20% (0.20) .
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42
Figure the tax on the amount on line 27. Use the 2017 Tax Rate Schedule for Estates
and Trusts (see the Schedule G instructions in the instructions for Form 1041)
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42
43
Add lines 37, 41, and 42 .
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43
44
Figure the tax on the amount on line 21. Use the 2017 Tax Rate Schedule for Estates
and Trusts (see the Schedule G instructions in the instructions for Form 1041)
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44
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Tax on all taxable income. Enter the smaller of line 43 or line 44 here and on Form 1041, Schedule
G, line 1a (or Form 990-T, line 36) .
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Schedule D (Form 1041) 2017
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