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Department of the Treasury
Internal Revenue Service
2022

Instructions for Schedule D

(Form 1120)

Capital Gains and Losses

Section references are to the Internal Revenue • Worthlessness of a security; • Election to defer a qualified section
Code unless otherwise noted. • The corporation's share of gain or 1231 gain invested in a QOF.
loss from a partnership, S corporation, Use Form 4684, Casualties and
Future Developments estate, or trust; Thefts, to report involuntary conversions
For the latest information about • Elections to defer capital gain of property due to casualty or theft.
developments to Schedule D (Form invested in a Qualified Opportunity Fund
1120) and its instructions, such as (QOF); and Use Form 6781, Gains and Losses
legislation enacted after they were • Dispositions of interests in QOFs. From Section 1256 Contracts and
Straddles, to report gains and losses
published, go to IRS.gov/Form1120. Complete all applicable lines of Form
from section 1256 contracts and
8949 before completing line 1b, 2, 3, 8b,
straddles.
General Instructions 9, or 10 of Schedule D (Form 1120).
See the Instructions for Form 8949 for Use Form 8824 if the corporation
Purpose of Schedule special provisions and exceptions to made one or more “like-kind”
Use Schedule D to: completing Form 8949 for certain exchanges. Generally, a like-kind
• Figure the overall gain or loss from corporations. Also, see the instructions exchange occurs when the corporation
transactions reported on Form 8949, for lines 1a and 8a, later, for more exchanges qualifying business or
Sales and Other Dispositions of Capital information about when to use Form investment real property for real
Assets; 8949. property of a like kind. For exchanges of
• Report certain transactions the Use Form 4797 to report the capital assets, include the gain or (loss)
corporation does not have to report on following. from Form 8824, if any, on Schedule D
Form 8949; • The sale or exchange of: (Form 1120), line 5 or line 13, as
applicable.
• Report gain from Form 6252, 1. Real property used in a trade or
Installment Sale Income, or from Part I business; Use Form 8997, Initial and Annual
of Form 4797, Sales of Business Statement of Qualified Opportunity
Property; 2. Depreciable and amortizable
Fund (QOF) Investments, if you held a
• Report gain or loss from Form 8824, tangible property used in a trade or
qualified investment in a QOF at any
Like-Kind Exchanges; business (however, see Disposition of
time during the year. See Form 8997
• Report unused capital loss carryover; Depreciable Property Not Used in Trade
and its instructions.
and or Business in the Instructions for Form
• Report capital gain distributions not 4797); Additional information. For more
reported directly on Form 1120, line 8 3. Oil, gas, geothermal, or other information, see the instructions for the
(or effectively connected capital gain mineral property; and forms listed above. Also, see Pub. 544,
distributions not reported directly on 4. Section 126 property. Sales and Other Dispositions of Assets
Form 1120-F, 1120-C, 1120-H, or all • The involuntary conversion (other and Pub. 550, Investment Income and
other related forms). than from casualty or theft) of property Expenses.
used in your trade or business and
Who Must File capital assets held more than 1 year in Capital Assets
Complete and attach Schedule D (Form connection with a trade or business or a Each item of property the corporation
1120) to Form 1120, 1120-C, 1120-F, transaction entered into for profit held (whether or not connected with its
1120-FSC, 1120-H, 1120-IC-DISC, (however, see Disposition of trade or business) is a capital asset
1120-L, 1120-ND, 1120-PC, 1120-POL, Depreciable Property Not Used in Trade except the following. See section
1120-REIT, 1120-RIC, 1120-SF, or or Business in the Instructions for Form 1221(a).
certain Forms 990-T. 4797). • Stock in trade or other property
• The disposition of noncapital assets included in inventory or held mainly for
Other Forms the other than inventory or property held sale to customers. However, see the
primarily for sale to customers in the Note, later.
Corporation May Have To ordinary course of the corporation's • Accounts or notes receivable
File trade or business. acquired in the ordinary course of the
Use Form 8949 to report: • The section 291 adjustment to trade or business for services rendered
• Sales or exchanges of capital assets section 1250 property. or from the sale of stock in trade or other
(defined later) not reported on another • Gains or losses treated as ordinary property included in inventory or held
form or schedule; gains or losses, if you are a trader in mainly for sale to customers.
• Nonbusiness bad debts; securities or commodities and made a • Depreciable or real property used in
• Undistributed long-term capital gains mark-to-market election under section the trade or business, even if it is fully
from Form 2439; 475(f). depreciated.

Sep 13, 2022 Cat. No. 26358T

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• Certain copyrights; literary, musical, For more information about holding or line 12, as applicable. See the
or artistic compositions; letters or periods, see the Instructions for Form instructions for Form 6252.
memoranda; or similar property. 8949. To elect out of the installment
However, see the Note, later. method, report the full amount of the
• Certain patents, inventions, models Items for Special Treatment
or designs (whether or not patented); Note. For more information, see Pub. gain on Form 8949 for the year of the
secret formulas or processes; or similar 544. sale on a return filed by the due date
(including extensions). If the original
property. Special rules for determining basis. return was filed on time without making
• U.S. Government publications, In general, the basis of property is its the election, the corporation may make
including the Congressional Record, cost. See section 1012 and the related the election on an amended return filed
that the corporation received from the regulations. Special rules for no later than 6 months after the original
government, other than by purchase at determining basis are provided in due date (excluding extensions). Write
the normal sales price, or that the sections in subchapters C, K, O, and P “Filed pursuant to section 301.9100-2”
corporation got from another taxpayer of the Code. These rules may apply to at the top of the amended return.
who had received it in a similar way, if the:
the corporation's basis is determined by • Receipt of certain distributions with Gain on distributions of appreciated
reference to the previous owner's basis. respect to stock (section 301 or 1059), property. Generally, gain (but not loss)
• Certain commodities derivative • Liquidation of another corporation is recognized on a nonliquidating
financial instruments held by a dealer in (section 334), distribution of appreciated property to
connection with its dealer activities. • Transfer to another corporation the extent that the property's FMV
• Certain identified hedging (section 358), exceeds its adjusted basis. See section
transactions entered into in the normal • Transfer from a shareholder or 311.
course of the trade or business. reorganization (section 362), Exclusion of gain from DC Zone as-
• Supplies regularly used in the trade • Bequest (section 1014), sets. If the corporation sold or
or business. • Contribution or gift (section 1015), exchanged a qualified District of
Note. The corporation can elect to treat • Tax-free exchange (section 1031), Columbia Enterprise Zone (DC Zone)
as capital assets certain musical • Involuntary conversion (section asset acquired after 1997 and before
compositions or copyrights in musical 1033), 2012, and held for more than 5 years, it
works it sold or exchanged. See section • Certain asset acquisitions (section may exclude any qualified capital gain
1221(b)(3) and Pub. 550 for details. 1060), or that the corporation would otherwise
• Wash sale of stock (section 1091). include in income. The exclusion
Capital Losses Attach an explanation if the applies to an interest in, or property of,
For a corporation, capital losses are corporation uses a basis other than certain businesses operating in the
allowed in the current tax year only to actual cost of the property. See the District of Columbia.
the extent of capital gains. A net capital instructions for Form 8949, column (e). DC Zone asset. A DC Zone asset is
loss is carried back 3 years and forward A RIC's or REIT's basis in an asset it any of the following.
up to 5 years as a short-term capital held on January 1, 2001, for which it • DC Zone business stock.
loss. Carry back a capital loss to the made an election to recognize any gain • DC Zone partnership interest.
extent it doesn’t increase or produce a under section 311 of the Taxpayer • DC Zone business property.
net operating loss in the tax year to Relief Act of 1997, is the asset's closing
which it is carried. Foreign expropriation market price or fair market value (FMV), Qualified capital gain. Qualified
capital losses cannot be carried back, whichever applies, on the date of the capital gain is any gain recognized on
but are carried forward up to 10 years. A deemed sale and reacquisition, whether the sale or exchange of a DC Zone
net capital loss of a regulated the deemed sale resulted in a gain or asset, but doesn’t include any of the
investment company (RIC) incurred in unallowed loss. following.
tax years beginning before December • Gain treated as ordinary income
23, 2010, is carried forward up to 8 See section 852(f) for the treatment under section 1245.
years. There is no limit on the number of of certain load charges incurred in • Section 1250 gain figured as if
tax years a RIC is allowed to carry acquiring stock in a RIC with a section 1250 applied to all depreciation
forward a net capital loss incurred in tax reinvestment right. rather than the additional depreciation.
years beginning after December 22, Gain from installment sales. If the • Gain attributable to real property, or
2010. corporation sold property at a gain and it an intangible asset, that isn’t an integral
For more information about corporate will receive a payment in a tax year after part of a DC Zone business.
capital losses, see Capital Losses in the year of sale, it must generally report • Gain from a related-party transaction.
Pub. 542, Corporations. the sale on the installment method See Sales and Exchanges Between
unless it elects not to. However, the Related Persons in chapter 2 of Pub.
Short- or Long-Term Gain or installment method may not be used to 544.
Loss report sales of stock or securities traded • Gain attributable to periods before
on an established securities market. 1998 and after 2016.
Report short-term gains or losses in Part
I. Report long-term gains or losses in Use Form 6252 to report the sale on See section 1400B (as in effect
Part II. The holding period for short-term the installment method. Also use Form before its repeal) for more details on DC
capital gains and losses is generally 1 6252 to report any payment received Zone assets and special rules.
year or less. The holding period for during the tax year from a sale made in How to report. If applicable, report
long-term capital gains and losses is an earlier year that was reported on the the sale or exchange on Form 8949,
generally more than 1 year. installment method. Enter gain from the Part II, as the corporation otherwise
installment sales on Schedule D, line 4

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would without regard to the exclusion Report the sale or exchange of property interests. For more information,
(with the appropriate box checked). qualified community business property see section 897. Also, see section
Enter “X” in column (f). Enter the amount on Form 4797. See the Instructions for 897(c) for the definition of a U.S. real
of the exclusion as a negative number Form 4797 for details. property interest, section 897(k) for
(in parentheses) in column (g). special rules for real estate investment
Gain on the constructive sale of cer-
Complete all remaining columns. See trusts, and section 897(l) for special
tain appreciated financial positions.
the Instructions for Form 8949 for rules relating to qualified foreign
Generally, if the corporation holds an
details. pension funds.
appreciated financial position in stock or
Report the sale or exchange of DC certain other interests, it may have to Gain or loss on distribution of prop-
Zone business property on Form 4797. recognize gain (but not loss) if it enters erty in complete liquidation.
See the Instructions for Form 4797 for into a constructive sale (such as a “short Generally, gain or loss is recognized on
details. sale against the box”). See Pub. 550. property distributed in a complete
liquidation. Treat the property as if it had
Exclusion of gain from qualified Gain from certain constructive own-
been sold at its FMV. An exception to
community assets. If the corporation ership transactions. Gain in excess of
this rule applies for liquidations of
sold or exchanged a qualified the underlying net long-term capital gain
certain subsidiaries. See sections 336
community asset acquired after 2001 the corporation would have recognized
and 337 for more information and other
and before 2010, it may be able to if it had held a financial asset directly
exceptions to the general rules.
exclude any qualified capital gain that during the term of a derivative contract
the corporation would otherwise include must be treated as ordinary income. Gain or loss on certain asset trans-
in income. The exclusion applies to an See section 1260. If any portion of the fers to a tax-exempt entity. A taxable
interest in, or property of, certain constructive ownership transaction was corporation that transfers all or
renewal community businesses. open in any prior year, the corporation substantially all of its assets to a
Qualified community asset. A may have to pay interest. See section tax-exempt entity or converts from a
qualified community asset is any of the 1260(b) for details, including how to taxable corporation to a tax-exempt
following. figure the interest. Include the interest entity in a transaction other than a
• Qualified community stock. as an additional tax on Form 1120, liquidation must generally recognize
• Qualified community partnership Schedule J, line 9g (or the applicable gain or loss as if it had sold the assets
interest. line for other income tax returns). transferred at their FMV. For details and
exceptions, see Regulations section
• Qualified community business Gain on disposition of market dis-
1.337(d)-4.
property. count bonds. In general, if the
corporation realizes a capital gain upon Gain or loss on an option to buy or
Qualified capital gain. Qualified
the disposition of a market discount sell property. See sections 1032 and
capital gain is any gain recognized on
bond, the gain is recharacterized as
the sale or exchange of a qualified 1234 for the rules that apply to a
interest income to the extent of accrued purchaser or grantor of an option or a
community asset, but does not include
market discount as of the date of securities futures contract (as defined in
any of the following.
disposition. See sections 1276 through section 1234B). See Pub. 550 for
• Gain treated as ordinary income
1278 and Pub. 550 for more information details.
under section 1245.
on market discount. See the Instructions
• Section 1250 gain figured as if Gain or loss from a short sale of
for Form 8949 for detailed information
section 1250 applied to all depreciation property. Report the gain or loss if the
about how to report the disposition of a
rather than the additional depreciation. property used to close the short sale is
market discount bond.
• Gain attributable to real property, or considered a capital asset in the hands
an intangible asset, that is not an Gains on certain insurance property. of the taxpayer. Report any short sale
integral part of a renewal community Form 1120-L filers with gains on on Form 8949 in the year the sale
business. property held on December 31, 1958, closes.
• Gain from a related-party transaction. and certain substituted property If a short sale closed in 2022 but you
See Sales and Exchanges Between acquired after 1958, should see section did not get a 2022 Form 1099-B (or
Related Persons in chapter 2 of Pub. 818(c). substitute statement) for it because you
544. entered into it before 2011, report it on
Gains and losses from passive activ-
• Gains from periods after December Form 8949 in Part I with box C checked
ities. A closely held or personal service
31, 2014. or Part II with box F checked (whichever
corporation that has a gain or loss that
See section 1400F (as in effect relates to a passive activity (section applies). In column (a), enter (for
before its repeal) for more details and 469) may be required to complete Form example) “100 sh. XYZ Co. —2010
special rules. 8810, Corporate Passive Activity Loss short sale closed.” Fill in the other
How to report. If applicable, report and Credit Limitations, before columns according to their instructions.
the sale or exchange on Form 8949, completing Form 8949 and Schedule D. Report the short sale the same way if
Part II, as the corporation otherwise An applicable loss may be limited under you received a 2022 Form 1099-B (or
would without regard to the exclusion the passive activity rules. See Form substitute statement) that doesn’t show
(with the appropriate box checked). 8810 and the Instructions for Form the proceeds (sales price).
Enter “X” in column (f) and enter the 8810. Gain on certain short-term federal,
amount of the excluded gain as a Gains and losses of foreign corpora- state, and municipal obligations
negative number (in parentheses) in tions from the disposition of invest- (other than tax-exempt obligations).
column (g). Complete all remaining ment in U.S. real property. Foreign If a short-term governmental obligation
columns. See the Instructions for Form corporations must report gains and (other than a tax-exempt obligation) that
8949. losses from the disposition of U.S. real is a capital asset is acquired at an

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acquisition discount, then, on any gain trade or business. For more information Undistributed long-term gains from
realized, a portion is treated as ordinary on wash sales, see section 1091 and a regulated investment company
income and any remaining balance is Pub. 550. (RIC) or real estate investment trust
treated as a short-term capital gain. See The wash sale rules don't apply to a (REIT). Report the corporation's share
section 1271. redemption of shares in a floating-NAV of long-term gains from Form 2439,
Contingent payment debt instru- (net asset value) money market fund. Notice to Shareholder of Undistributed
ments. If the corporation sells a Report the transaction as the Long-Term Capital Gains, on Form
taxable contingent payment debt corporation otherwise would on Form 8949, Part II (with box F checked). Enter
instrument subject to the noncontingent 8949, Part I or II (depending on how “From Form 2439” in column (a). Enter
bond method at a gain, the gain is long the corporation owned the stock or the gain in column (h). Leave all other
ordinary income (interest income), even securities). Check the appropriate box. columns blank. See the Instructions for
if the corporation holds the debt Enter “W” in column (f). Enter the Form 8949.
instrument as a capital asset. If the nondeductible loss as a positive number Amounts from Form 2438. Enter any
corporation sells a taxable contingent in column (g). Complete all remaining net short-term capital gain from line 4 of
payment debt instrument subject to the columns. See the Instructions for Form Form 2438, Undistributed Capital Gains
noncontingent bond method at a loss, 8949. Tax Return, on Form 8949, Part I, with
its loss is an ordinary loss to the extent box C checked. Identify the gain as “Net
of its prior original issue discount (OID) Loss from securities that are capital
inclusions on the debt instrument. If the assets that become worthless dur- short-term capital gain from Form 2438
debt instrument is a capital asset, treat ing the year. Except for securities held line 4” in column (a). Enter the amount
any loss that is more than the by a bank, treat the loss as a capital loss of the gain in column (h). Leave all other
corporation's prior OID inclusions as a as of the last day of the tax year. See columns blank.
capital loss. See Regulations section section 582 for the rules on the Enter the amount from line 12 of
1.1275-4(b) and Pub. 1212, Guide to treatment of securities held by a bank. Form 2438 on Form 8949, Part II, with
box F checked. Identify the gain as
Original Issue Discount (OID), for more Losses limited after an ownership
“Undistributed capital gains not
information on contingent payment debt change or acquisition. If the
designated (from Form 2438)” in column
instruments subject to the corporation has undergone an
(a). Enter the amount of the gain in
noncontingent bond method. “ownership change” as defined in
column (h). Leave all other columns
See the Instructions for Form 8949 section 382(g), section 383 may limit the
blank.
for information on how to report the gain amount of capital gains that may be
or loss. offset by prechange capital losses. In NAV method for money market
addition, section 382(h) may in some funds. Report capital gain or loss
At-risk limitations (section 465). If cases limit capital losses recognized determined under the net asset value
the corporation sold or exchanged a after an ownership change when the (NAV) method with respect to shares in
capital asset used in an activity to which loss accrued before the ownership a money market fund on Form 8949,
the at-risk rules apply, combine the gain change. Also, if a corporation acquires Part I, with box C checked. Enter the
or loss on the sale or exchange with the control of another corporation (or name of each fund followed by “(NAV)”
profit or loss from the activity. If the acquires its assets in a reorganization), in column (a). Enter the net gain or loss
result is a net loss, complete Form section 384 may limit the amount of in column (h). Leave all other columns
6198, At-Risk Limitations. Report any recognized built-in capital gains that blank. See the Instructions for Form
gain from the capital asset on Form may be offset by preacquisition capital 8949.
8949, Schedule D, and Form 6198. losses.
Deferral of gain invested in Qualified
Loss from a sale or exchange be- Loss from the sale or exchange of Opportunity Fund (QOF). If the
tween the corporation and a related capital assets of an insurance com- corporation has an eligible gain (defined
person. Except for distributions in pany taxable under section 831. below), the corporation can invest that
complete liquidation of a corporation, no Capital losses of a casualty insurance gain in a QOF and elect to defer part or
loss is allowed from the sale or company are deductible to the extent all of the gain that it would otherwise
exchange of property between the that the assets were sold to meet include in income. The gain is deferred
corporation and certain related persons. abnormal insurance losses or to provide until the corporation disposes of the
See section 267. for the payment of dividend and similar investment in the QOF or December 31,
Loss from a wash sale. A wash sale distributions to policyholders. See 2026, whichever is earlier. If the
occurs if the corporation acquires (by section 834(c)(6). corporation makes the election, only
include gain to the extent, if any, the
purchase or exchange), or has a Gains and losses from partnerships,
amount of realized gain is more than the
contract or option to acquire, estates, or trusts. Report the
aggregate amount invested in a QOF
substantially identical stock or securities corporation's share of capital gains and
during the 180-day period beginning on
within 30 days before or after the date of losses from investments in partnerships,
the date the gain was realized. The
a sale or exchange that results in a loss. estates, or trusts on the appropriate Part
corporation may also be able to
The corporation cannot deduct a loss of Form 8949. Report a net short-term
permanently exclude the gain from the
from a wash sale of stock or securities capital gain (loss) on Part I with box C
sale or exchange of any investment in a
(including contracts or options to checked. Report a net long-term capital
QOF if the investment is held for at least
acquire or sell stock or securities) gain (loss) on Part II with box F
10 years.
unless the corporation is a dealer in checked. See the Instructions for Form
stock or securities and the loss was 8949. QOF. A QOF is any investment
sustained in a transaction made in the vehicle that is organized as either a
ordinary course of the corporation's corporation or partnership for the

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purpose of investing in eligible property • The corporation received a Form (e); and $6,000 ($11,000 - $5,000) in
that is located in a Qualified Opportunity 1099-B (or substitute statement) that column (h).
Zone. shows basis was reported to the IRS Example 2—Basis not reported to
and does not show any adjustments in the IRS. The corporation received a
Eligible gain. Gain that is eligible to box 1f or box 1g; Form 1099-B showing proceeds (in
•
be deferred if it is invested in a QOF The Ordinary checkbox in box 2 of box 1d) of $6,000 and cost or other
includes any amount treated as a capital Form 1099-B (or substitute statement) is basis (in box 1e) of $2,000. Box 12 is
gain for federal income tax purposes. not checked; not checked, meaning that basis was
See section 1400Z for more details • The QOF checkbox in box 3 of Form not reported to the IRS. Do not report
on QOFs and special rules. Also, see 1099-B (or substitute statement) is not this transaction on line 1a or line 8a.
IRS.gov/credits-deductions/businesses/ checked; and Instead, report the transaction on Form
opportunity-zones. • The corporation does not need to 8949. Complete all necessary pages of
How to report. Report the eligible make any adjustments to the basis or Form 8949 before completing line 1b, 2,
gain as the corporation normally would type of gain or loss reported on Form 3, 8b, 9, or 10 of Schedule D.
on Form 8949 and Schedule D. See the 1099-B (or substitute statement), or to
Instructions for Form 8949 for how to its gain or loss. Example 3—Adjustment. The
report the deferral. The corporation will See How To Complete Form 8949, corporation received a Form 1099-B
also need to attach Form 8997 to its tax Columns (f) and (g) in the Instructions showing proceeds (in box 1d) of $6,000
return annually until it disposes of the for Form 8949 for details about possible and cost or other basis (in box 1e) of
QOF investment. For more information, adjustments to the corporation's gain or $2,000. Box 12 is checked, meaning
see Form 8997 and its instructions. loss. that basis was reported to the IRS.
However, the basis shown in box 1e is
If the corporation chooses to report
incorrect. Do not report this transaction
these transactions on lines 1a and 8a, on line 1a or line 8a. Instead, report the
Specific Instructions do not report them on Form 8949. Also,
transaction on Form 8949. See the
Rounding off to whole dollars. You the corporation does not need to attach instructions for Form 8949, columns (f),
may enter decimal points and cents a statement to explain the entries on (g), and (h). Complete all necessary
when completing your return. However, lines 1a and 8a.
pages of Form 8949 before completing
you should round off cents to whole Figure gain or loss on each line. line 1b, 2, 3, 8b, 9, or 10 of Schedule D.
dollars on your return, forms, and Subtract the cost or other basis in
schedules to make completing your column (e) from the proceeds (sales Lines 1b, 2, 3, 8b, 9, and 10—Trans-
return easier. You must either round off price) in column (d). Enter the gain or actions reported on Form 8949.
all amounts on your return to whole loss in column (h). Enter negative Complete Form 8949 before completing
dollars, or use cents for all amounts. To amounts in parentheses. Schedule D, lines 1b, 2, 3, 8b, 9, and
10. Enter on Schedule D, lines 1b, 2,
round, drop amounts under 50 cents Example 1—Basis reported to the and 3, respectively, the short-term totals
and increase amounts from 50 to 99 IRS. The corporation received a Form from all Forms 8949, Part I, line 2, with
cents to the next dollar. For example, 1099-B reporting the sale of stock held box A, B, or C, respectively, checked.
$8.40 rounds to $8 and $8.50 rounds to for 3 years, showing proceeds (in Enter on Schedule D, lines 8b, 9, and
$9. box 1d) of $6,000 and cost or other 10, respectively, the long-term totals
If you have to add two or more basis (in box 1e) of $2,000. Box 12 is from all Forms 8949, Part II, line 2, with
amounts to figure the amount to enter checked, meaning that basis was box D, E, or F, respectively, checked.
on a line, include cents when adding the reported to the IRS. The corporation
amounts and round off only the total. does not need to make any adjustments Line 6. Enter any unused capital loss
Disposal of QOF investment. If the to the amounts reported on Form carryover. Attach a statement showing
corporation disposed of any investment 1099-B or enter any codes. This was how the carryover was computed.
in a QOF during the tax year, check the the corporation's only 2022 transaction. Line 14. Enter the total capital gain
box on the top of Schedule D and see Instead of reporting this transaction on distributions paid by a RIC or REIT
the Instructions for Form 8949 for Form 8949, the corporation can enter during the year, regardless of how long
additional reporting requirements. $6,000 on Schedule D, line 8a, column the corporation owned stock in the RIC
(d); $2,000 in column (e); and $4,000 or REIT.
Parts I and II ($6,000 - $2,000) in column (h).
Also enter any amount received from
If the corporation had a second a RIC or REIT that qualifies as a
Lines 1a and 8a—Transactions not transaction that was the same except distribution in complete liquidation
reported on Form 8949. The that the proceeds were $5,000 and the under section 332(b) and is designated
corporation can report on line 1a (for basis was $3,000, combine the two by the RIC or REIT as a capital gain
short-term transactions) or line 8a (for transactions. Enter $11,000 ($6,000 + distribution. See section 332(c).
long-term transactions) the aggregate $5,000) on Schedule D, line 8a, column
totals from any transactions (other than (d); $5,000 ($2,000 + $3,000) in column
sales of collectibles) for which:

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