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Jan 6, 2023 · Updated on January 6, 2023. Reviewed by Eric Estevez. In This Article. View All. Photo: Inside Creative House / Getty Images. The Schedule D of Form 1040 is used to report capital gains and losses when you file your tax return. Learn how to use Schedule D during tax season, and who needs it.
Nov 14, 2023 · Schedule D is used to calculate the net capital gain or loss from all capital transactions reported on Form 8949. The net capital gain or loss is then reported on Form 1040. If the net capital gain is positive, it is taxed at the capital gains tax rate, which is typically lower than the ordinary income tax rate.
Oct 4, 2023 · Schedule D is the IRS form you use to report sales and exchanges of certain assets, as well as the gains or losses from all asset sales. You use Schedule D to report money you made or lost by selling investments like stocks , mutual funds , digital assets, and publicly traded partnerships (PTPs).
