Schedule D

Capital Gains and Losses · 2025

Every line is explained below in plain English — click any line to see what it means, who needs to fill it in, and what people commonly overlook.

Short-Term Capital Gains and Losses

1a Short-Term Totals From Form 8949, Box A The total short-term gains and losses from assets reported on Form 8949 with Box A checked -- meaning your broker reported the cost basis to the IRS.
1b Short-Term Totals From Form 8949, Box B The total short-term gains and losses from assets reported on Form 8949 with Box B checked -- meaning your broker reported the sale to the IRS but did not
1c Short-Term Totals From Form 8949, Box C The total short-term gains and losses from assets reported on Form 8949 with Box C checked -- meaning you did not receive a 1099-B for these transactions a
2 Short-Term Gain From Installment Sales Short-term capital gain from the sale of property where you are receiving payments over multiple years rather than in a lump sum.
3 Short-Term Gain or Loss From Like-Kind Exchanges Short-term capital gain or loss recognized from a like-kind exchange (Section 1031 exchange) of property held one year or less.
4 Short-Term Gain or Loss From Partnerships, S Corps, Estates, and Trusts Your share of short-term capital gains or losses from partnerships, S corporations, estates, or trusts.
5 Short-Term Loss Carryover The short-term capital loss you are carrying forward from last year's return.
6 Short-Term Gain or Loss From Other Forms Short-term capital gains or losses reported on other IRS forms that flow to Schedule D.
7 Net Short-Term Capital Gain or Loss The total of all short-term capital gains and losses from lines 1a through 6.

Long-Term Capital Gains and Losses

Summary