28% Rate Gain Worksheet—Line 18

1. Enter the total of all collectibles gain or (loss) from items you reported on Form 8949, Part II 1. _____ 2. Enter as a positive number the total of: Any section 1202 exclusion you reported in column (g) of Form 8949, Part II, with code “Q” in column (f), that is 50% of the gain; 2 / 3 of any section 1202 exclusion you reported in column (g) of Form 8949, Part II, with code “Q” in column (f), that is 60% of the gain; and 1 / 3 of any section 1202 exclusion you reported in column (g) of Form 8949, Part II, with code “Q” in column (f), that is 75% of the gain. Don’t make an entry for any section 1202 exclusion that is 100% of the gain. 2. _____ 3. Enter the total of all collectibles gain or (loss) from Form 4684, line 4 (but only if Form 4684, line 15, is more than zero); Form 6252; Form 6781, Part II; and Form 8824 3. _____ 4. Enter the total of any collectibles gain reported to you on: Form 1099-DIV, box 2d; Form 2439, box 1d; and Schedule K-1 from a partnership, S corporation, estate, or trust. 4. _____ 5. Enter your long-term capital loss carryovers from Schedule D, line 14; and Schedule K-1 (Form 1041), box 11, code D 5. (_____) 6. If Schedule D, line 7, is a (loss), enter that (loss) here. Otherwise, enter -0- 6. (_____) 7. Combine lines 1 through 6. If zero or less, enter -0-. If more than zero, also enter this amount on Schedule D, line 18 7. _____