General Instructions

These instructions explain how to complete Schedule D (Form 1040). Complete Form 8949 before you complete line 1b, 2, 3, 8b, 9, or 10 of Schedule D.

Use Schedule D:

To figure the overall gain or loss from transactions reported on Form 8949;

To report certain transactions you don’t have to report on Form 8949;

To report a gain from Form 2439 or 6252 or Part I of Form 4797;

To report a gain or loss from Form 4684, 6781, or 8824;

To report a gain or loss from a partnership, S corporation, estate, or trust;

To report capital gain distributions not reported directly on Form 1040 or 1040-SR, line 7a (or effectively connected capital gain distributions not reported directly on Form 1040-NR, line 7a); and

To report a capital loss carryover from 2024 to 2025.

Additional information. See Pub. 544 and Pub. 550 for more details.