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SCHEDULE D (Form 1040) Capital Gains and Losses 2006. Summary: This is an example of Schedule D (Form 1040) 2006 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 9/3/95

“8c. Date sold (month, day, year)” field contains 1/12/06

“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