Tax Preparation Help  
Publication 925 2008 Tax Year

Schedule D (Form 1040) Capital Gains and Losses 2006. Summary: This is an example of Schedule D (Form 1040) 2006 as pertains to the text. The completed line items are:

Name(s) shown on Form 1040” field contains Charles and Lily Woods
Your social security number” field contains 123-00-4567
Under “Part II: Long-Term Capital Gains and Losses--Assets Held More Than One Year”:
8. (a) Description of property (Example: 100 shares X.Y.Z. Company) (b) Date acquired (Month, day, year) (c) Date sold (Month, day, year) (d) Sales price (see page D-6 of the instructions) (e) Cost or other basis (see page D-6 of the instructions) (f) Gain or (loss) Subtract (e) from (d)
Partnership #2 (entire disposition of passive activity) 12-2-91 12-4-06 25,300 10,000 15,300
Partnership #3 (entire disposition of passive activity) 12-15-92 11-18-06 15,000 11,000 4,000
10. Total long-term sales price amounts. Add lines 8 and 9 in column (d)” field contains 40,300
11. Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from Forms 4684, 6781, and 8824” field contains 2,776
15. Net long-term capital gain or (loss). Combine lines 8 through 14 in column (f). Then go to Part III on the back” field contains 22,076

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