Capital Gains and Losses
Use Schedule D (Form 1040) to report the following:
- the sale or exchange of a capital asset not reported on another form or schedule
- gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit
- capital gain distributions not reported directly on Form 1040 (or effectively connected capital gain distributions not reported directly on Form 1040NR)
- nonbusiness bad debts
