SCHEDULE D (Form 1041) Capital Gains and Losses 2007. Summary: This is an example of Schedule D (Form 1041) 2006 with items included as described in the text. Additionally, the
following line
items are completed:
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“Name of estate or trust” field contains Estate of John R. Smith
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“Employer identification number” field contains 10-0123456
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Under
“Part II: Long-Term Capital Gains and Losses—Assets Held More Than One Year”:
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“(a) Description of property (Example: 100 shares 7% preferred of Z Co.” field contains Coin Collection
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“(b) Date acquired (mo., day, yr.)” field contains 4-9-06
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“(c) Date sold (mo., day, yr.)” field contains 9-23-06
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“(d) Sales price” field contains 3,000
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“(e) Cost or other basis (see page 35)” field contains 2,800
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“(f) Gain or (Loss) for the entire year (column (d) less column (e)” field contains 200
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“12. Net long-term gain or (loss). Combine lines 6 through 11 in column (f). Enter here and on line 14a below” field contains
200
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Under
“Part III: Summary of Parts I and II”:
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“14 Net long-term gain or (loss)”
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“(2) Estate's or trust's” field contains 200
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“(3) Total” field contains 200
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“14c 28% rate gain or (loss)”
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“(2) Estate's or trust's” field contains 200
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“(3) Total” field contains 200
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“15 Total net gain or (loss). Combine lines 13 and 14a”
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“(2) Estate's or trust's” field contains 200
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“(3) Total” field contains 200
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