SCHEDULE D (Form 1040) Capital Gains and Losses 2005. Summary: This is an example of Schedule D (Form 1040) 2005 as pertains to the example in the text. The line items completed
are:
|
Under
“Part II: Long-Term Capital Gains and Losses--Assets Held More Than One Year”:
|
|
“8a. Description of property (Example: 100 shares XYZ Company)” field contains main home
|
|
“8b. Date acquired (month, day, year)” field contains 9/3/94
|
|
“8c. Date sold (month, day, year)” field contains 1/12/05
|
|
“8d. Sales price (see page D-6 of the instructions)” field contains 180,000
|
|
“8e. Cost or other basis (see page D-6 of the instructions)” field contains 52,459
|
|
“8f. Gain or (loss) Subtract (e) from (d)” field contains 127,541
|
|
“8a. Description of property (Example: 100 shares X.Y.Z. Company)” field contains section 121 exclusion
|
|
“8f. Gain or (loss) Subtract (e) from (d)” field contains negative 125,750
|
|
“10. Total long-term sales price amounts. Add lines 8 and 9 in column (d)” field contains 180,000
|
|
“16. Net long-term capital gain or (loss). Combine lines 8 through 14 in column (f)” field contains
1,791
|
