Schedule D (Form 1041) 2025 - Part I and Part II

Sep 19, 2026

Schedule D (Form 1041) 2025 collects short-term and long-term capital gains and losses for an estate or trust, including transactions reported on Form 8949 and totals from Forms 1099-B/1099-DA. The form summarizes net short-term and net long-term results, combines totals, and directs next steps depending on whether net gain or loss occurs. It also includes capital loss limitation guidance and tax computation requirements under maximum capital gains rates.

LanguageEnglish

CategoryForms

FormatPDF

Pages2

Reading Time1 min

AccessFree to download

Part I

Short-Term Capital Gains and Losses

Part II

Long-Term Capital Gains and Losses

Part III

Summary of Parts I and II

Part IV

Capital Loss Limitation

Part V

Tax Computation Using Maximum Capital Gains Rates

SCHEDULEDCapital Gains and LossesOMBNo.1545-0092(Form 1041)Attach to Form 1041,Form 5227,or Form 990-T.Department of the TreasuryUse Form 8949 to list your transactions for lines 1b,2,3,8b,9,and 10.If“Yes,”attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss. | Internal Revenue Service | Go to www.irs.gov/Form1041 for instructions and the latest information. | | | | --- | --- | --- | --- | | Name of estate or trust | | Employer identification number | | | Did you dispose of any investment(s)in a qualified opportunity fund during the tax year?. · | | □ Yes
··· . | □No | Note:Form 5227 filers need to complete only Parts l and II. # PartI Short-Term Capital Gains and Losses-Generally Assets Held 1 Year or Less (see instructions) See instructions for how to figure the amounts to enter on the (g) (h)Gain or(loss) (d) (e) Subtract column(e) Adjustments lines below. Proceeds Cost to gain or loss from from column(d)and This fom may be easier to complete if you round off cents to sales price) (or other basis) Form(s)8949,Part I, combine the result whole dollars. line 2,column(g) with column (g) 1a Totals for all short-term transactions reported on Form 1099-B or Form 1099-DA for which basis was reported to the IRS and for which you have no adjustments (see instructions).However,if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b ..... 1b Totals for all transactions reported on Form(s)8949 with Box A or Box G checked........ 2 Totals for all transactions reported on Form(s)8949 with Box Bor Box H checked. Totals for all transactions reported on Form(s)8949 3 with Box Cor Box I checked . ... . .. . 4 4 Short-term capital gain or (loss)from Forms 4684,6252,6781,and 8824..·······. 5 Net short-term gain or (loss)from partnerships,S corporations,and other estates or trusts .... 5 6 Short-term capital loss carryover.Enter the amount,if any,from line 9 of the 2024 Capital Loss 6 Carryover Worksheet ..... . ..... .. ....... . ...... 7 Net short-term capital gain or (loss).Combine lines 1a through 6 in column (h).Enter here and on 7 Part Ⅲ,line 17,column(3) ........... # Part Long-Term Capital Gains and Losses-Generally Assets Held More Than 1 Year (see instructions) See instructions for how to figure the amounts to enter on the (9) (h)Gain or (loss) (d) (e) Subtract column(e) Adjustments lines below. from column(d)and Proceeds Cost to gain or loss from This fom may be easier to complete if you round off cents to sales price) (or other basis) Form(s)8949,Part II, combine the result whole dollars. line 2,column(g) with column (g) 8a Totals for all long-term transactions reported on Form 1099-B or Form 1099-DA for which basis was reported to the IRS and for which you have no adjustments(see instructions).However,if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b ..... 8b Totals for all transactions reported on Form(s)8949 with Box D or Box J checked . 9 Totals for all transactions reported on Form(s)8949 with Box E or Box K checked ........ 10 Totals for all transactions reported on Form(s)8949 with Box For Box L checked........ 11 11 Long-term capital gain or(loss)from Forms 2439,4684,6252,6781,and 8824 . 12 12 Net long-term gain or (loss)from partnerships,S corporations,and other estates or trusts... 13 13 Capital gain distributions........... 14 Gain from Form 4797,PartI.......... 14 15 Long-term capital loss carryover.Enter the amount,if any,from line 14 of the 2024 Capital Loss Carryover Worksheet .............. 15 16 Net long-term capital gain or (loss).Combine lines 8a through 15 in column(h).Enter here and on 16 # Part II,line 18a,column (3)........... For Paperwork Redu

FAQs

What does Part I of Schedule D (Form 1041) cover?

Part I summarizes short-term capital gains and losses for assets held one year or less, including how to compute amounts using figures derived from Form 8949 columns.

How does Part III determine the total net gain or loss?

Part III combines net short-term gain or loss from line 17 with net long-term gain or loss from line 18a, then computes total net gain or loss on line 19.

What is the purpose of Part IV (Capital Loss Limitation)?

Part IV limits the deductible capital loss by entering the smaller of the loss from line 19, column (3), or $3,000, and provides directions if the loss exceeds that limit.

Sep 19, 2026

Upload by Pentious