SCHEDULE D - Form 1120S - Capital Gains and Losses and Built-In Gains - 1995

Sep 19, 2026

Schedule D (Form 1120S) for tax year 1995 records capital gains and losses and the related built-in gains tax computation for S corporations. The form separates short-term and long-term capital results, then calculates capital gains tax rates using section 1231 and net capital gain after combining lines. It also includes the built-in gains tax section with taxable income, recognized built-in gains, deductions under section 1374(b)(2), and final tax entered on Form 1120S.

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Part I Short-Term Capital Gains and Losses—Assets Held One Year or Less

Part II Long-Term Capital Gains and Losses—Assets Held More Than One Year

Part III Capital Gains Tax

Built-In Gains Tax

SCHEDULE D (Form 1120S) Department of the Treasury Internal Revenue Service Capital Gains and Losses and Built-In Gains © Attach to Form 1120S. © See separate instructions. | Name | Employer identification number
| | --- | --- | Part I Short-Term Capital Gains and Losses—Assets Held One Year or Less | (a) Kind of property and description (Example, 100 shares of “Z” Co.) | (b) Date acquired
(mo. , day, yr.) | (c) Date sold
(mo. , day, yr.) | (d) Sales price | (e) Cost or other basis (see instructions) | | (f) Gain or (loss)
((d) less (e)) | | --- | --- | --- | --- | --- | --- | --- | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2 Short-term capital gain from installment sales from Form 6252, line 26 or 37 | | | | | 2 | | | | | | | | | | | 3 Short-term capital gain or (loss) from like-kind exchanges from Form 8824 | | | | | 3 | | | | | | | | | | | 4 Combine lines 1 through 3 and enter here | | | | | 4 | | | | | | | | | | | 5 Tax on short-term capital gain included on line 31 below | | | | | 5 | | | 6 Net short-term capital gain or (loss) . Subtract line 5 from line 4. Enter here and on Form 1120S, Schedule K, line 4d or line 6 | | | | | 6 | | Part II Long-Term Capital Gains and Losses—Assets Held More Than One Year | 7 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8 | Long-term capital gain from installment sales from Form 6252, line 26 or 37 | | | | | 8 | | | | | | | | | | | | 9 | Long-term capital gain or (loss) from like-kind exchanges from Form 8824 | | | | | 9 | | | | | | | | | | | | 10 | Combine lines 7 through 9 and enter here | | | | | 10 | | | 11 | Tax on long-term capital gain included on lines 23 and 31 below | | | | | 11 | | | | | | | | | | | | 12 | Net long-term capital gain or (loss) . Subtract line 11 from line 10. Enter here and on Form 1120S, Schedule K, line 4e or line 6 | | | | | 12 | | Part III Capital Gains Tax (See instructions before completing this part.) | 13
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23 | Enter section 1231 gain from Form 4797, line 10 Net long-term capital gain or (loss). Combine lines 10 and 13 Note: If the corporation is liable for the excess net passive income tax (Form 1120S, page 1, line 22a) or the built-in gains tax (Part IV below), see the line 15 instructions before completing line 15. Net capital gain. Enter excess of net long-term capital gain (line 14) over net short-term capital loss (line 4) Statutory minimum Subtract line 16 from line 15 Enter 34% of line 17 Taxable income (see instructions and attach computation schedule) Enter tax on line 19 amount (see instructions and attach computation schedule) Net capital gain from substituted basis property (see instructions and attach computation schedule) Enter 35% of line 21 Tax. Enter the smallest of line 18, 20, or 22 here and on Form 1120S, page 1, line 22b | 13 | | | --- | --- | --- | --- | | | | 14 | | | | |
15 | | | | | 16 | $25,000 | | | | 17 | | | | | 18 | | | | | 19 | | | | | 20 | | | | | 21 | | | | | 22 | | | | | 23 | | Built-In Gains Tax (See instructions before completing this part.) | 24 | Excess of recognized built-in gains over recognized built-in losses (see instructions and attach computation schedule) | 24 | | | --- | --- | --- | --- | | 25 | Taxable income (see instructions and attach computation schedule) | 25 | | | 26 | Net recognized built-in gain. Enter the smallest of line 24, line 25, or line 9 of Schedule B (see instructions) | 26 | | | | | | | | 27 | Section 1374(b)(2) deduction | 27 | | | | | | | | 28 | Subtract line 27 from line 26. If

FAQs

What is Schedule D used for on Form 1120S?

Schedule D reports capital gains and losses for short-term and long-term assets, and it also supports computation of capital gains tax and the built-in gains tax when applicable.

How does the form calculate net short-term capital gain or loss?

It combines lines 1 through 3 into line 4, then computes tax on short-term capital gain included on line 31 below (line 5). Line 6 is the net short-term capital gain or loss, calculated as line 4 minus line 5.

Where are built-in gains tax items calculated and finalized?

Built-in Gains Tax is handled in Part IV, including excess recognized built-in gains over losses (line 24), taxable income (line 25), net recognized built-in gain (line 26), section 1374(b)(2) deduction (line 27), and the final tax on line 31, entered on Form 1120S, page 1, line 22b.

Sep 19, 2026

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