Internal Revenue Service United States Department of the Treasury
Level Basic Intermediate Advanced Military International

Income — Capital Gain or Loss

Reporting Capital Gain or Loss

Key Reporting Information

To report each capital gain or loss on Schedule D, you will need to identify the:

  • Basis and/or adjusted basis
  • Holding period
  • Proceeds from the sale
Tax software hint.

In the tax software, Schedule D links to the Capital Gain or Loss Transactions Worksheet where you will enter the information described here. Both Schedule D and the worksheet are shown in the Volunteer Resource Guide (Tab 2).

Tops of Form 1099-B and Schedule D.
Schedule D
Capital Loss Carryover Worksheet

Schedule D

Capital Loss Carryover Worksheet