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us/form/irs/ty2025/i1040sd — Instructions for Schedule D (Form 1040), Capital Gains and Losses (2025) · Axiom
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Instructions for Schedule D (Form 1040), Capital Gains and Losses (2025)
74 sections
Capital Gains and Losses
Future Developments
What’s New
General Instructions
Other Forms You May Have To File
Capital Asset
Basis and Recordkeeping
Short- or Long-Term Gain or Loss
Capital Gain Distributions
Sale of Your Home
Test 1
Test 2
Reduced Exclusion
Exceptions to Test 1
Qualified extended duty.
Sale of Home Acquired in a Like-kind Exchange
How To Report the Sale of Your Main Home
Partnership Interests
Capital Assets Held for Personal Use
Capital Losses
Certain Nondeductible Losses
Items for Special Treatment
Market Discount Bonds
Contingent Payment Debt Instruments
Wash Sales
Traders in Securities
Mark-to-Market Election for Traders
Short Sales
Gain or Loss From Options
Net Asset Value (NAV) Method for Money Market Funds
Undistributed Capital Gains
Installment Sales
Demutualization of Life Insurance Companies
Small Business (Section 1244) Stock
Exclusion of Gain on Qualified Small Business (QSB) Stock
Empowerment Zone Business Stock
Pass-Through Entities
How To Report
Gain from Form 1099-DIV
Gain from Form 2439
Gain from an Installment Sale of QSB Stock
Alternative Minimum Tax
Rollover of Gain From QSB Stock
Exclusion of Gain From DC Zone Assets
DC Zone Asset
Qualified Capital Gain
How To Report
Exclusion of Gain From Qualified Community Assets
Qualified Community Asset
Qualified Capital Gain
How To Report
Deferral of Gain Invested in a QOF
Rollover of Gain From Stock Sold to ESOPs or Certain Cooperatives
Rounding Off to Whole Dollars
Capital Loss Carryover Worksheet—Lines 6 and 14
Disposal of QOF Investment
Lines 1a and 8a— Transactions Not Reported on Form 8949
Example 1—Basis Reported to the IRS
Example 2—Basis Not Reported to the IRS
Example 3—Adjustment
Lines 1b, 2, 3, 8b, 9, and 10, Column (h)—Transactions Reported on Form 8949
Line 13
Line 18
28% Rate Gain Worksheet—Line 18
Line 19
Instructions for the Unrecaptured Section 1250 Gain Worksheet
Step 1.
Step 2.
Step 3.
Unrecaptured Section 1250 Gain Worksheet—Line 19
Installment sales.
Line 21
Schedule D Tax Worksheet
Schedule D Tax Worksheet—Continued
