Schedule D (Form 1120-S) Template

Use this template to report short-term gains, long-term gains, and built-in gains for Form 1120-S.

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Why use a capital gains and built-in gains form?

Organize S corporation capital gain and loss entries and built-in
gains tax calculations in one schedule.

Separate holding periods

Record short-term and long-term capital gains and losses in separate sections.
Connect source forms

Summarize transactions reported on Form 8949 and amounts from Forms 6252 and 8824.
Calculate built-in gains

Work through recognized built-in gains, deductions, credits, and the resulting tax.

This template follows Schedule D for Form 1120-S capital gains, losses, and built-in gains tax.

Opportunity fund question
Captures whether the corporation disposed of a qualified opportunity fund investment.
Short-term gains and losses
Records short-term transaction totals, adjustments, and net gain or loss.
Long-term gains and losses
Records long-term transaction totals, adjustments, distributions, and net results.
Installment and exchange gains
Includes lines for installment sales and like-kind exchange gain or loss amounts.
Built-in gains tax
Calculates recognized built-in gain, deductions, credits, and the tax amount.
Schedule K reporting
Carries net short-term and long-term gain or loss amounts to Schedule K.