Screen CASchD - California Sale of Capital Assets (990)

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Schedule D - Capital Gains and Losses

Information transfers automatically from the federal SchD screen. Use this section to change the federal amounts entered for security and other asset sale information.

Schedule D - Other Gains and Carryovers

Use this section to complete Schedule D, which is recalculated for California purposes, and Form 541, Schedule D. One of these forms is calculated, not both, based on the tax status type of the organization. If the organization is taxed as a corporation, federal Form 1120, Schedule D is calculated for non-business property sales of unrelated business activities reported on Form 109. If the organization is taxed as a trust, Form 541, Schedule D is calculated.
Pass-throughs to trusts from partnerships, S corporations, other trusts
If the organization has unrelated business activity gains or losses from partnerships, S Corporations, estates, or trusts, enter the gain or loss to include in the calculation of Form 541, Schedule D, if these amounts are different from the federal amounts. These fields are not applicable to organizations taxed as a corporation.
Trust beneficiary portion of gain or loss
If the organization has allocated a portion of the capital gain or loss to beneficiaries, enter the beneficiary allocation to include in the calculation of Form 541, Schedule D, if these amounts are different from the federal amounts. These fields are not applicable to organizations taxed as a corporation.

Section 1231 Information for Schedule D-1

Use this section to enter section 1231 loss carryovers and section 280F recovery recapture amounts and other gain or loss information for Schedule D-1, if these amounts differ from the federal amounts.

Ordinary Income for Schedule D-1

Use this section to enter ordinary income casualty gains or losses and ordinary income installment sales gains or losses for Schedule D-1 if these amounts are different from the federal amounts.

Other Information for Schedule D-1

Use this section to enter sections 179 and 280F information if different from the federal amounts.

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