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WNC & Associates Inc.
WNC & Associates Inc.
8) Line 10 - Net section 1231 gain (loss) is also entered on line
Schedule K-1 Entries and Where They Go 3a of Form 8582 to determine the amount of allowed passive
losses for the current year.
1) Line 9a - Net long-term capital gain (loss) is entered on
line 12 of Schedule D. 9) Line 11 E. - Cancellation of Debt The cancellation of debt
income should be reported as passive activity income and
2) Line 9c - Unrecaptured sec 1250 gain is entered on line 19 entered on Form 8582, worksheet 3, and on Form 1040,
of Schedule D, after completing the unrecaptured Section Line 21.
1250 worksheet that appears on Page D-9 of the Schedule
D Instructions. That amount would again figure into the 10) Form 8582 accumulates all your passive income and loss
return when you complete the Schedule D tax worksheet, and determines how much of the loss you can deduct in the
on page D-10 of the Schedule D instructions. If line 18 of current year. Any unused or suspended prior years unallowed
Unrecaptured Section 1250 Worksheet is more than 0, enter passive losses is entered on worksheet 3 of Form 8582.
the result on Schedule D, line 19.
11) Line 17B – Gain Adjustment This amount is your share of
3) Line 9c of Schedule K-1 includes that portion of the gain the partnership’s adjusted gain or loss. If you are an individual
reported on line 10 that should be taxed at the 25% rate. partner, report this amount on line 20 of Form 6251.
Since the Line 9c amount is already included in the line 10
amount, you would not add the two together for reporting C
alifornia K-1 Entries and Where They Go
purpose.
12) Line 10a - Total Gain under IRC Section 1231 is entered
4) Line 10 - Net section 1231 gain (loss) is entered on Part I, on Part I, line 2a of Form 3801.
line 2 of Form 4797.
13) Form 3801 accumulates all your passive income and loss
5) Complete Lines 3 through 6 of Form 4797. and determines how much of the loss you can deduct in the
current year. In case of an entire disposition of passive activity,
6) If line 7, which is a result of lines 2 through 6, is a loss, enter any unused or suspended prior years unallowed passive losses
the amount on line 11 of Form 4797 and skip lines 8 and 9 is entered on line 2c of Form 3801.
of Form 4797. Unless the entire passive activity is disposed
of, a loss is subject to limitations. You will need to complete
Form 8582 to figure how much of the loss is allowed on Form
4797.
If you have a net overall loss from section 1231 transactions,
the loss is treated as ordinary loss and reported on line 14 of
Form 1040.
7) If line 7 is a gain and you did not have any prior year section
1231 losses, or they were recaptured in an earlier year, enter
the gain from line 7 as a long-term capital gain on line 11 of
Schedule D.
If you have a net overall section 1231 gain, the gain is
considered ordinary up to the amount of any section
1231 losses from the previous five years that have not been
recaptured as ordinary income. The rest of the gain would
be treated as a long-term capital gain and the amount should
be entered on line 11 of Schedule D.
PLEASE USE THIS GUIDE AS A REFERENCE REGARDING CAPITAL
17782 Skypark CirCle • irvine, California 92614-6404 GAINS RESULTED FROM A SALE OF A PROPERTY
Schedule D Tax Worksheet Keep for Your Records
Complete this worksheet only if line 18 or line 19 of Schedule D is more than zero. Otherwise, complete the Qualified Dividends and Capital Gain Tax
Worksheet on page 38 of the Instructions for Form 1040 (or in the Instructions for Form 1040NR) to figure your tax.
Exception: Do not use the Qualified Dividends and Capital Gain Tax Worksheet or this worksheet to figure your tax if:
• Line 15 or line 16 of Schedule D is zero or less and you have no qualified dividends on Form 1040, line 9b (or Form 1040NR, line 10b); or
• Form 1040, line 43 (or Form 1040NR, line 40) is zero or less. 7',)(90) ( 'ETMXEP +EMRW ERH 0SWWIW 31& 2S
Schedule D Tax Worksheet 44 (or Form 1040NR, line 41).
Instead, see the instructions for Form 1040, line Keep for Your Records *SVQ 7EPIW SJ &YWMRIWW 4VSTIVX]
%PWS -RZSPYRXEV] 'SRZIVWMSRW ERH 6IGETXYVI %QSYRXW
31& 2S
*SVQ
%XXEGL XS *SVQ SV *SVQ 26 7II -RWXVYGXMSRW JSV 7GLIHYPI ( *SVQ
7GLIHYPI /
*MREP /
4EVX ---
%QIRHIH /
4EVXRIVvW 7LEVI SJ 'YVVIRX =IEV -RGSQI
31& 2S
Complete this worksheet only if line 18 or line 19 of Schedule D is more than zero. Otherwise, complete the Qualified Dividends and Capital Gain Tax
Worksheet on page 39 of the Instructions for line 1040 Form the Instructions for Form 1040NR) to filing Form 2555
1. Enter your taxable income from Form 1040,Form43 (or (or in 1040NR, line 40). (However, if you arefigure your tax. or 2555-EZ (ITEVXQIRX SJ XLI 8VIEWYV]
9RHIV 7IGXMSRW ERH * F
%XXEGLQIRX
(ITEVXQIRX SJ XLI 8VIEWYV]
-RXIVREP 6IZIRYI 7IVZMGI
9WI 7GLIHYPI ( XS PMWX EHHMXMSREP XVERWEGXMSRW JSV PMRIW ERH
%XXEGLQIRX
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-RXIVREP 6IZIRYI 7IVZMGI
%XXEGL XS ]SYV XE\ VIXYVR 7II WITEVEXI MRWXVYGXMSRW 7IUYIRGI 2S 2EQI W
WLS[R SR VIXYVR =SYV WSGMEP WIGYVMX] RYQFIV
3VHMREV] FYWMRIWW MRGSQI PSWW
'VIHMXW
(relating to foreign earned income), enter instead the amount from line 3 of the Foreign Earned Income Tax Worksheet on page 37 (ITEVXQIRX SJ XLI 8VIEWYV] *SV GEPIRHEV ]IEV SV XE\
Exception: Do not use the Qualified .Dividends and. Capital .Gain. Tax .Worksheet .or .this worksheet. to . . . . .your .tax. if:. . . . . . . . . . . . 2EQI W
WLS[R SR VIXYVR -HIRXMJ]MRK RYQFIV
of the Form 1040 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . figure . . . . 1. -RXIVREP 6IZIRYI 7IVZMGI
]IEV FIKMRRMRK
2. • Lineyouror line 16 of Schedule D is Form or less line 9b (or Form qualified dividends on Form 1040, line 9b (or Form 1040NR, line 10b); or
Enter 15 qualified dividends from zero 1040, and you have no
4EVX - IRHMRK 2IX VIRXEP VIEP IWXEXI MRGSQI PSWW
• Form 1040, line 43 .(or. Form .1040NR, .line 40) .is zero or. less.. . . . 2.
1040NR, line 10b)* . . . . . . . . . . . . . . . . . . . .
)RXIV XLI KVSWW TVSGIIHW JVSQ WEPIW SV I\GLERKIW VITSVXIH XS ]SY JSV SR *SVQ W
& SV 7 SV
7LSVX8IVQ 'ETMXEP +EMRW ERH 0SWWIW{%WWIXW ,IPH 3RI =IEV SV 0IWW
3. Enter the amount from Form 4952 (used to
Instead, see the instructions for Form 1040, line 44 (or Form 1040NR, line 41).
figure investment interest expense WYFWXMXYXI WXEXIQIRX
XLEX ]SY EVI MRGPYHMRK SR PMRI SV WII MRWXVYGXMSRW
E
(IWGVMTXMSR SJ TVSTIVX] F
(EXI EGUYMVIH G
(EXI WSPH
H
7EPIW TVMGI I
'SWX SV SXLIV FEWMW
J
+EMR SV PSWW
4EVXRIVvW 7LEVI SJ -RGSQI (IHYGXMSRW
WII TEKI ( SJ WII TEKI ( SJ 3XLIV RIX VIRXEP MRGSQI PSWW
*SVIMKR XVERWEGXMSRW
deduction), line 4g . . . . . . . . . . . . . . . . 3. 4EVX - 7EPIW SV )\GLERKIW SJ 4VSTIVX] 9WIH MR E 8VEHI SV &YWMRIWW ERH -RZSPYRXEV] 'SRZIVWMSRW *VSQ 3XLIV )\EQTPI WL <=> 'S
1S HE] ]V
1S HE] ]V
7YFXVEGX I
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'VIHMXW IXG 7II FEGO SJ JSVQ ERH WITEVEXI MRWXVYGXMSRW
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XLI MRWXVYGXMSRW
4. Enter the amount from Form 4952, line 4e** 4.
8LER 'EWYEPX] SV 8LIJX{1SWX 4VSTIVX] ,IPH 1SVI 8LER =IEV WII MRWXVYGXMSRW
5. 1.Subtract your taxable line 3. If zero or less, enter -0- . (or Form. 1040NR, line 40). (However, if you are filing Form 2555 or 2555-EZ
Enter line 4 from income from Form 1040, line 43 . . . . . . . . 5. 4EVX - -RJSVQEXMSR %FSYX XLI 4EVXRIVWLMT +YEVERXIIH TE]QIRXW
(relating to foreign earned income), enter instead the amount from line 3 of the Foreign Earned Income Tax Worksheet on page 38 I
(ITVIGMEXMSR J
'SWX SV SXLIV
6. Subtract line 5 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . 6. K
+EMR SV PSWW
of the Form 1040 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. E
(IWGVMTXMSR F
(EXI EGUYMVIH G
(EXI WSPH H
+VSWW EPPS[IH SV FEWMW TPYW % 4EVXRIVWLMTvW IQTPS]IV MHIRXMJMGEXMSR RYQFIV
7. Enter the smaller of line 15 or line 16 of Schedule D . . . . . . . . 7. 7YFXVEGX J
JVSQ XLI
2. Enter your qualified dividends from Form 1040, line 9b (or Form SJ TVSTIVX] QS HE] ]V
QS HE] ]V
WEPIW TVMGI EPPS[EFPI WMRGI MQTVSZIQIRXW ERH WYQ SJ H
ERH I
-RXIVIWX MRGSQI
8. Enter the smaller of line .3 . or .line .4 . .. .. .. .. .. .. .. . . . . . . . .. .. .. .. .. .. .. .. .. 8.
1040NR, line 10b) . . . .. 2. EGUYMWMXMSR I\TIRWI SJ WEPI
Enter line 8 from line 7. If 4952 (used enter -0-* . . . . . . . . . . . . . . . . . . . . . . . 9.
9. 3.Subtract the amount from Form zero or less,to & 4EVXRIVWLMTvW REQI EHHVIWW GMX] WXEXI ERH >-4 GSHI
10. Add lines 6 and 9 . interest .expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.
figure investment .... .... E 3VHMREV] HMZMHIRHW
11. Add lines 18 and 19 of . . . . . . .D* .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
deduction), line 4g . Schedule . . 3.
12. 4.Enter the smaller of line Form line 11line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
Enter the amount from 9 or 4952, . . 4e* 4.
13. 5.Subtract line 12 from line 10 If . . . . . less, enter .-0-. . .. .. .. .. .. .. .. .. .. . .5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. F 5YEPMJMIH HMZMHIRHW
Subtract line 4 from line 3. . zero or . . . . . . . .
14. 6.Subtract line 13 from line 1. If zero or less, enter -0-** .. .. .. .. .. .. .. .. . . . . . . . . . . .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
Subtract line 5 from line 2. If enter -0- . 6.
Enter the smaller of
15. 7.Enter the smaller of: line 15 or line 16 of Schedule D . . . . . . . . 7. +EMR MJ ER] JVSQ *SVQ PMRI 6S]EPXMIW
}
Enter the smaller of line
8.• The amount on line 1 or 3 or line 4 . . . . . . . . . . . . . . . . . . . 8. 7IGXMSR KEMR JVSQ MRWXEPPQIRX WEPIW JVSQ *SVQ PMRI SV
9.• Subtract line 8 from line 7. If filing or less, enter -0-** . . . . . . . . . . . . . . . . . . . . . . 9. ' -67 'IRXIV [LIVI TEVXRIVWLMT JMPIH VIXYVR
$32,550 if single or married zero separately; 7IGXMSR KEMR SV PSWW
JVSQ PMOIOMRH I\GLERKIW JVSQ *SVQ )RXIV ]SYV WLSVXXIVQ XSXEPW MJ ER] JVSQ 7GLIHYPI (
10. Add lines 6married. filing. jointly .or .qualifying .widow(er);. or. . . . . . . . . . . . .. .. .. .. .. .. . 15. . . . . . . . . . . . 10.
$65,100 if and 9 . . . . . . . . . . . . . . . . . . . . . . . . . . 2IX WLSVXXIVQ GETMXEP KEMR PSWW
11. Add lines 18 and 19 of Schedule D** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. +EMR MJ ER] JVSQ PMRI JVSQ SXLIV XLER GEWYEPX] SV XLIJX PMRI
$43,650 if head of household ( 'LIGO MJ XLMW MW E TYFPMGP] XVEHIH TEVXRIVWLMT 484
12. Enter the smaller of line 9 or line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. 'SQFMRI PMRIW XLVSYKL )RXIV XLI KEMR SV PSWW
LIVI ERH SR XLI ETTVSTVMEXI PMRI EW JSPPS[W 8SXEP WLSVXXIVQ WEPIW TVMGI EQSYRXW %HH PMRIW ERH MR
16. Enter the smaller of line 14 or line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. E 2IX PSRKXIVQ GETMXEP KEMR PSWW
%PXIVREXMZI QMRMQYQ XE\ %18
MXIQW
13. Subtract line 12 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.
17. Subtract line 10 from line 1. If zero or less, enter -0- . . . . . . . . . 17. 4EVXRIVWLMTW I\GITX IPIGXMRK PEVKI TEVXRIVWLMTW
ERH 7 GSVTSVEXMSRW 6ITSVX XLI KEMR SV PSWW
JSPPS[MRK XLI GSPYQR H
4EVX -- -RJSVQEXMSR %FSYX XLI 4EVXRIV
14. Subtract line 13 from line 1. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
18. Enter the larger of line 16 or line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15. Enter the smaller of:
18. MRWXVYGXMSRW JSV *SVQ 7GLIHYPI / PMRI SV *SVQ 7 7GLIHYPI / PMRI 7OMT PMRIW ERH FIPS[
If lines 15 and 16 are the same, skip line 19 and go to line 20. Otherwise, go to line 19. ) 4EVXRIVvW MHIRXMJ]MRK RYQFIV F 'SPPIGXMFPIW
KEMR PSWW
}
• The amount on line 1 or -RHMZMHYEPW TEVXRIVW 7 GSVTSVEXMSR WLEVILSPHIVW ERH EPP SXLIVW -J PMRI MW ^IVS SV E PSWW IRXIV XLI EQSYRX JVSQ 7LSVXXIVQ KEMR JVSQ *SVQ ERH WLSVXXIVQ KEMR SV PSWW
JVSQ *SVQW ERH
19. Subtract line 16 from line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. PMRI SR PMRI FIPS[ ERH WOMT PMRIW ERH -J PMRI MW E KEMR ERH ]SY HMH RSX LEZI ER] TVMSV ]IEV WIGXMSR
• $33,950 if single or married filing separately;
If lines 1 and 15 are the same, skip lines 20 through 32 and go to line 33. . Otherwise, go to line 20. 2IX WLSVXXIVQ KEMR SV PSWW
JVSQ TEVXRIVWLMTW 7 GSVTSVEXMSRW IWXEXIW ERH XVYWXW JVSQ
. . . . . . . . 15. PSWWIW SV XLI] [IVI VIGETXYVIH MR ER IEVPMIV ]IEV IRXIV XLI KEMR JVSQ PMRI EW E PSRKXIVQ GETMXEP KEMR SR XLI G 9RVIGETXYVIH WIGXMSR KEMR
$67,900 if married filing jointly or qualifying widow(er); or * 4EVXRIVvW REQI EHHVIWW GMX] WXEXI ERH >-4 GSHI
20. Enter the smaller of line 1 or line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. 7GLIHYPI ( JMPIH [MXL ]SYV VIXYVR ERH WOMT PMRIW ERH FIPS[ 7GLIHYPI W
/
$45,500 if head of
21. Enter the amount from household line 19 is blank, enter -0-) . . . . . . . . . . . . . . . . . . 21.
line 19 (if
16. Enter the smaller of line 14 or line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.
22. Subtract line 21 from line 20. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.
2SRVIGETXYVIH RIX WIGXMSR PSWWIW JVSQ TVMSV ]IEVW WII MRWXVYGXMSRW
7LSVXXIVQ GETMXEP PSWW GEVV]SZIV )RXIV XLI EQSYRX MJ ER] JVSQ PMRI SJ ]SYV 'ETMXEP 0SWW 2IX WIGXMSR KEMR PSWW
8E\I\IQTX MRGSQI ERH
17. Subtract line 10 from line 1. If zero or less, enter -0- . . . . . . . . . 17. 'EVV]SZIV ;SVOWLIIX SR TEKI ( SJ XLI MRWXVYGXMSRW
23. Multiply line 22 by 15% (.15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.
18. Enter the larger of line 16 or line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If Schedule D, line 19, is zero or blank, skip lines 24 through 29 and go to line 30. Otherwise, go to line 24.
18.
7YFXVEGX PMRI JVSQ PMRI -J ^IVS SV PIWW IRXIV -J PMRI MW ^IVS IRXIV XLI KEMR JVSQ PMRI SR PMRI FIPS[ -J PMRI 10 RSRHIHYGXMFPI I\TIRWIW
If lines 15 and 16 are the same, skip line 19 and go to line 20. Otherwise, go to line 19. MW QSVI XLER ^IVS IRXIV XLI EQSYRX JVSQ PMRI SR PMRI FIPS[ ERH IRXIV XLI KEMR JVSQ PMRI EW E PSRKXIVQ 3XLIV MRGSQI PSWW
24. Enter the smaller of line 9 above or Schedule D, line 19 . . . . . . . . . . . . . . . . . . . . 24. 2IX WLSVXXIVQ GETMXEP KEMR SV PSWW
'SQFMRI PMRIW XLVSYKL MR GSPYQR J
19. Subtract line 16 from line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. GETMXEP KEMR SR XLI 7GLIHYPI ( JMPIH [MXL ]SYV VIXYVR WII MRWXVYGXMSRW
25. Add lines 10 and 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.
If lines 1 and 15 are the same, skip lines 20 through 32 and go to line 33. Otherwise, go to line 20.
26. Enter the amount from line 11or line 13. .. .. .. .. .. . . . . . . . . . .. .. .. .. .. .. .. .. .. .26.. . . . . . . . . . . . 20.
20. Enter the smaller of line above . .
4EVX -- 3VHMREV] +EMRW ERH 0SWWIW WII MRWXVYGXMSRW
4EVX -- 0SRK8IVQ 'ETMXEP +EMRW ERH 0SWWIW{%WWIXW ,IPH 1SVI 8LER 3RI =IEV + +IRIVEP TEVXRIV SV 00' 0MQMXIH TEVXRIV SV SXLIV 00'
11
27. Subtract the amount from line 19 (if line 19 is blank, -0- . .-0-) .. .. .. .. .. .. .. . . . . .. .. .. .. .. .. .. 21. 27. 3VHMREV] KEMRW ERH PSWWIW RSX MRGPYHIH SR PMRIW XLVSYKL MRGPYHI TVSTIVX] LIPH ]IEV SV PIWW
21. Enter line 26 from line 25. If zero or less, enter enter . . . . . . H
7EPIW TVMGI I
'SWX SV SXLIV FEWMW
QIQFIVQEREKIV QIQFIV
28. Subtract line 27 from line 24. IfIf zeroor less, enter -0- .. .. .. .. .. .. .. .. .. .. .. . . . . .. .. .. .. .. .. .. .. .. .. .. .. . . . . . . . . . .. .. .
22. Subtract line 21 from line 20. zero or less, enter -0- . . . . 22.28. E
(IWGVMTXMSR SJ TVSTIVX] F
(EXI EGUYMVIH G
(EXI WSPH J
+EMR SV PSWW
WII TEKI ( SJ WII TEKI ( SJ , (SQIWXMG TEVXRIV *SVIMKR TEVXRIV
29. Multiply line 28 by 25% (.25) . .. .. .. .. .. .. .. .. .. . . . . . . . . . .. .. .. .. .. .. .. .. .. .. .. .. . . . . .. .. .. .. .. .. .. .. .. .. .. .. . . . . . . . . . .. .. .. .. .. .. .. .. .. .. .. . . . . . .. . 23.
23. Multiply line 22 by 15% (.15) . . . . . . . . . 29. )\EQTPI WL <=> 'S
1S HE] ]V
1S HE] ]V
7YFXVEGX I
JVSQ H
XLI MRWXVYGXMSRW
XLI MRWXVYGXMSRW
If If sales or line 18, isis zeroof section
Schedule D, line 19, zero or blank, skip lines 24 through 29 and go to line 33. Otherwise, go to line 30.
Other Schedule D,dispositions or blank, skip lines 30 through 32 and go to line 30. Otherwise, go to line 24. Worksheet in the 2009 Instructions for over
(MWXVMFYXMSRW
30. Add lines smaller ofand 9 .of . property . . . line. 19 . .. ..
1250 property.18, 19, eachline28 above .or .Schedule .D,Line. .21 .. .. .. .. .. .. .. . .. .. .. .. .. .. .. .. .. .24.. . . . . . . . . Schedule D. If you want to figure your car-
24. Enter the For 22, sale . . ... . . . . . . . . 30. - ;LEX X]TI SJ IRXMX] MW XLMW TEVXRIV# 7IGXMSR HIHYGXMSR
31. more than 10year (for 1 . .. .. . you .. ..
held25.Subtract line130and 18line. which. .. .. .. .. did.. .. .. . . . . . . . .. .. .. .. .. .. .. .. .. . 25.. . . . . . . . . . . . . . . . . . . . . . . ryover now, see Pub. 550.
Add lines from . . . . . . . 31.
not 26.Multiplyentry31 by fromIline Form .4797),.. .. .. . . .You. ..have.. ..a.. ..capital. .loss. .carryover . from. . . . . . . . . . . . . . . . . . . . 32.
. 4EVXRIVvW WLEVI SJ TVSJMX PSWW ERH GETMXEP WII MRWXVYGXMSRW
32. Enter line in 28% of 1 . . .
make an the amountPart (.28) above .. .. .. .. . . . . . .. .. .. . .
. 26. . . . . . . . . . . . . . 0SWW MJ ER] JVSQ PMRI
figure Figuresmalleron the amount depreciation the Tax Table 2009 .if. you .have. Worksheet, line 16 applies . . . . . .You . will need a copy of your
2008 . . . . . . . . . . . . . 27.
33. the the tax 26 from line 25. Ifline 18. Use enter -0- . to. or. Tax Computation a .loss. on whichever
&IKMRRMRK )RHMRK 3XLIV HIHYGXMSRW
27. Subtract line of (a) the on zero or less, . . . . . . 33.
allowed Subtract 23, 29, 32, and 3324. .Iftotal. or .less, .enter. -0- either: .. .. .. . . . . . . . . . . .. .. .. .. .. .. .. .. .. . . . . . . . .. .. .. . TIP. . . .2008. Form 34. and Schedule
34. Add lines line 27 from (b) the . zero gain . . . and. .. .. .. .. ..
28. or allowable, or line . .. . . . . . 28.
. . . . . . . . 1040
+EMR MJ ER] JVSQ PMRI SV EQSYRX JVSQ PMRI MJ ETTPMGEFPI
4VSJMX 3XLIV MRJSVQEXMSR
for theFigure the tax on the amount of line 1.. Use. the .Tax •. .That Tax Computation. Worksheet,. whichever. applies. .. .. .. .. .. . .D . to. .figure your capital loss
35. sale. This is 28 by 25% (.25) line .22. or . . . . .
29. Multiply line the smaller on . . . . Table .or .loss. is . more than the. loss .on. line . . . .
. . . . . . . . . . . . . . . . . . . . . . . . 29.35. +EMR MJ ER] JVSQ PMRI
line 24 as Schedule D, line 18, is the 1250 gain gains and qualified dividends).line 33.theof sectionlineline or line 35. Also include to 2009. line 41 (or
ofunrecaptured for zero property.
all taxable income (including capital 21, or
Other sales or dispositions smaller go
treated If onForm 4797 section or blank, skip lines 30 through 32 and go to Enter Otherwise, of to 34 30. The amount on Form 1040,
36. Tax
• carryover 2IX KEMR SV PSWW
JVSQ *SVQ PMRIW ERH E
0SWW
until this totalthat amount bysection . .Form . . . .1250 . property. . For each sale of. .property . . .Formenter this amount
Next, the amountunrecaptured 28any . (or1250. 1040NR, .line .41). .(If .you on .Form. Form. 2555 .or .2555-EZ,. do. not30.1040NR, line 38, if applicable), re-
30. reduce
Add lines 18, Form 1040, line. 44 section
on 19, 22, and . . .. . • The. amount .are filing 1040,. line . .(or
. . . . . . . . . . . . . . . 'ETMXEP
41 did
gain onSubtract steplinehas been .used .in on. line .held Foreign. Earned. year (for Worksheet . . . . . . .duced by any amount on
Form 1040, 2 44. Instead, .
1250 figured in line 30 fromrecapture . for .full.. . . 4. of. the .more. than.line. 38, .if Tax.which . youin the .Form .1040 instructions) . . . 36. line 6 of Form
. . 1040NR, 1 Income applicable) . less
3VHMREV] KEMR JVSQ MRWXEPPQIRX WEPIW JVSQ *SVQ PMRI SV
31. ordinary income line 1 . enter .it the . Form . . . . . . . . . . . . . . . . is . 31.
Figure the amount 31 by from line .26g . of
of gain treated
sale. This is the amount28% (.28) . .as .unre-. . . . .than.make. an .entry. in. Part. I. of. Form. 4797), . . . .8914. (relating. to. an exemption for housing
32. Multiply line . . not . . . . . . . . . . . . . . . . . . . . . .
. . zero. . . . . . . . . . . . . 32. 3VHMREV] KEMR SV PSWW
JVSQ PMOIOMRH I\GLERKIW JVSQ *SVQ
captured section tax property. The line 18. is
1250 gain for on result Use Tax Table or Tax Computation the depreciation
Form 4797 for the on the amount installment the figure the smaller of (a) Worksheet, whichever applies . . . . . . . . . displaced individual), is less a Midwestern . . . . 33. / 4EVXRIVvW WLEVI SJ PMEFMPMXMIW EX ]IEV IRH
33. Figure the 'SQFMRI PMRIW XLVSYKL
paymentsyou are 23, in 200925551250 .gain .for . . footnotefigure.Foreign. Earned loss carryover .to . . .than 37. of . . . . .
received 29, 32, as the smaller .see
the total Add lines filing Form and 33or. 2555-EZ, of. . the .allowedinor .allowable,. or .(b) .the Tax. Worksheet .on .page.zero.. the .Form . 34.
34.*Ifunrecaptured section . ... . . To . . . the any .capital Income .total .gain
. . . . . . . . . . . . . . . . . . . . .
2SRVIGSYVWI 7IPJIQTPS]QIRX IEVRMRKW PSWW
(a) 35.1040 instructionsonamount on linethis Use
the amount tax lineamount line 12.of
the sale.Figure thefrombefore 26 oron line37 line. the Tax Table or Tax Computation Worksheet, whichever applies . To. figure. .any . capital loss carryover to
Include this the completing 1. for the sale. This is the Capital Loss Carry-
2009, you will use the smaller of line 22 or . . . . . . . . . 35.
*SV EPP I\GITX MRHMZMHYEP VIXYVRW IRXIV XLI EQSYRX JVSQ PMRI SR XLI ETTVSTVMEXI PMRI SJ ]SYV VIXYVR ERH WOMT PMRIW E 5YEPMJMIH RSRVIGSYVWI JMRERGMRK
Form 6252, instead (including amount line 24 on the dotted line for the property.
your 2009applicable, enter whichever applies, gains enteredof Form 4797 next to line 4e of of line4952. line youAlso includethe Capital Loss Carry-
36.**If on all taxable income the smaller capital you and qualified dividends). Enterthe smaller Form 342010, 35. will use
Tax or ERH F FIPS[ *SV MRHMZMHYEP VIXYVRW GSQTPIXI PMRIW E ERH F FIPS[ )RXIV ]SYV PSRKXIVQ XSXEPW MJ ER] JVSQ 7GLIHYPI (
this amount of unrecaptured (or Form
or (b) the amounton Form 1040, line 44section 1040NR, line 41). (If that are filing Form 2555 or 2555-EZ, dooverenter this amount the 2010 Instructions for
Next, reduce you amount by any section not Worksheet in PMRI
6IGSYVWI
1250 gain Form 1040, Section enter This E -J XLI PSWW SR PMRI MRGPYHIW E PSWW JVSQ *SVQ PMRI GSPYQR F
MM
IRXIV XLEX TEVX SJ XLI PSWW LIVI )RXIV XLI TEVX
on remaining to be reported. it Gain of the ordinary income Tax19 Worksheet—Line Worksheet the
Unrecaptured line 44. Instead,1250 on line 4 1250 Foreign Earned Income recapture forin the Form Schedule D. If you. want toRecords car- Keep . 36.
1040 instructions) .for Your figure your
amount is generally the total unrecaptured 8SXEP PSRKXIVQ WEPIW TVMGI EQSYRXW %HH PMRIW ERH MR
sale. This is the amount from line 26g of ryover to 2010 now, see Pub. 550. SJ XLI PSWW JVSQ MRGSQITVSHYGMRK TVSTIVX] SR 7GLIHYPI % *SVQ
PMRI ERH XLI TEVX SJ XLI PSWW JVSQ TVSTIVX]
0 4EVXRIVvW GETMXEP EGGSYRX EREP]WMW 7II EXXEGLIH WXEXIQIRX JSV EHHMXMSREP MRJSVQEXMSR
section 1250 gain for the sale reduced by all Form 4797 for the property. The result is YWIH EW ER IQTPS]II SR 7GLIHYPI % *SVQ
PMRI -HIRXMJ] EW JVSQ w*SVQ PMRI Ex 7II MRWXVYGXMSRW E GSPYQR H
gain reported in prior years (excluding sec- 4e of Form
the total on the dotted line next to line 9 and go
*If applicable, enter instead the smaller amount you enteredunrecaptured section 1250 gain for 4952. You will need a copy of your F 6IHIXIVQMRI XLI KEMR SV PSWW
SR PMRI I\GPYHMRK XLI PSWW MJ ER] SR PMRI E )RXIV LIVI ERH SR *SVQ PMRI +EMR JVSQ *SVQ 4EVX - PSRKXIVQ KEMR JVSQ *SVQW ERH ERH PSRKXIVQ KEMR SV
&IKMRRMRK GETMXEP EGGSYRX
1250 are not reporting gain on Form 4797, lineInclude this amount on Tax 12. to on page
tion If you you are filingincome a recapture). see the footnote in the Foreign Earned Income line Worksheet line 10.38 of the Form
**If ordinary Form 2555 or 2555-EZ, the sale.
7, skip lines 1 through TIP 2009 Form 1040 and Schedule F
'ETMXEP GSRXVMFYXIH HYVMRK XLI ]IEV
However, ifhave chosebefore completing of the Part III of Form 4797 for which you made an entry in Part I of Formto figure your capital loss D *SVQ
PSWW
JVSQ *SVQW ERH
1040 instructions not to treat all this line.
1. If you you a section 1250 property in
*SV 4ETIV[SVO 6IHYGXMSR %GX 2SXMGI WII WITEVEXI MRWXVYGXMSRW 'EX 2S -
'YVVIRX ]IEV MRGVIEWI HIGVIEWI
gain from payments received after May 6, carryover to 2010. 2IX PSRKXIVQ KEMR SV PSWW
JVSQ TEVXRIVWLMTW 7 GSVTSVEXMSRW IWXEXIW ERH XVYWXW JVSQ
1997, and before August 24,6252), enter the smaller of line 22 or line 24 of Form 4797 for that property. If you did
4797 (but not on Form 1999, as unre-
Line 21 than one such property, see instructions . . . . . . . . . . 1. 7GLIHYPI W
/
;MXLHVE[EPW
HMWXVMFYXMSRW
not section such gain, use only the
captured have any 1250 property, go to line 4. If you had more capital loss carryover from
You have a )RHMRK GETMXEP EGGSYRX
2. Enter the amount from Form 4797, line D-10
amount you chose to treat as unrecaptured 26g, for the 2010 if you whichayou made an entry on line 1 . . . . . . . . 2.
property for
have loss on
section 1250 line 2 for those 1payments . to. . . .2009. to. . . . .Printed on. recycled paper. . line. 16 . . . . . . . . . . . . . . . . . 3.
3. Subtract gain from line . . . . . . . .. .
and. either: ..... ........ .. .. 'ETMXEP KEMR HMWXVMFYXMSRW 7II TEKI ( SJ XLI MRWXVYGXMSRW
4. Enter total unrecaptured section 1250
reduce the the total unrecaptured section 1250 gain included on line 26 or line 37 of Form(s) 6252 from installment 0SRKXIVQ GETMXEP PSWW GEVV]SZIV )RXIV XLI EQSYRX MJ ER] JVSQ PMRI SJ ]SYV 'ETMXEP 0SWW
8E\ FEWMW +%%4 7IGXMSR F
FSSO
• That loss is instructions) . . . . . . .
gain sales of trade or business property sale. more than 1 year (see more than the .loss. on line . . . . . . . . . . . . . . . . . 4.
remaining to be reported for the held 3XLIV I\TPEMR
21, or
Include this amount on line 12. reported to you on a Schedule K-1 from a partnership or an S corporation as 'EVV]SZIV ;SVOWLIIX SR TEKI ( SJ XLI MRWXVYGXMSRW
5. Enter the total of any amounts
2IX PSRKXIVQ GETMXEP KEMR SV PSWW
'SQFMRI PMRIW XLVSYKL MR GSPYQR J
8LIR KS XS 4EVX
“unrecaptured section 1250 gain” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 1 (MH XLI TEVXRIV GSRXVMFYXI TVSTIVX] [MXL E FYMPXMR KEMR SV PSWW#
6. Add lines 3 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . D-10. . . .
--- SR XLI FEGO
Unrecaptured Section. 1250. Gain .Worksheet—Line. 19. . . . . . . . . . . . . . . . . . . .Keep. for Your Records
.... . . . . . 6. =IW 2S
7. Enter the smaller of line 6 or the gain from Form 4797, line 7 . on. recycled paper. . . . . . . . 7.
Printed . . . . . . . . . *SV 4ETIV[SVO 6IHYGXMSR %GX 2SXMGI WII *SVQ SV *SVQ 26 MRWXVYGXMSRW 'EX 2S , 7GLIHYPI ( *SVQ
-J =IW EXXEGL WXEXIQIRX WII MRWXVYGXMSRW
8. Enter the amount, if any, from Form 4797, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
*SV 4ETIV[SVO 6IHYGXMSR %GX 2SXMGI WII -RWXVYGXMSRW JSV *SVQ 'EX 2S 6 7GLIHYPI / *SVQ
If you are not reporting a gain on Form 4797, line . . . . lines . . . . . . . . . . . . . . . .
9. Subtract line 8 from line 7. If zero or less, enter -0- . 7, .skip . . . . 1 .through. 9 .and . go. to. line 10.. . . . . . . . . . 9.
10. Enter the amount of any gain from the Part or exchange 4797 for which you made an entry in Part I of Form
1. If you have a section 1250 property in sale III of Form of an interest in a partnership attributable to
unrecaptured section 1250 gainenter the smaller of. line. 22 . . . . . .24 .of .Form. 4797. for .that .property. If. you. did. 10.
4797 (but not on Form 6252), (see instructions) . . . . or line . . . . . . . . . . . . . . . . . . . . . . .
11. Enter the any suchany amounts reported4. Ifyou on a Schedule K-1, Form property, see instructions .as . . . . . . . . 1.
not have total of property, go to line to you had more than one such 1099-DIV, or Form 2439 .
Enter the amount from Form 4797, line 26g, for trust, real estate investment trust, or mutual line 1 . . .
2. “unrecaptured section 1250 gain” from an estate, the property for which you made an entry onfund (or. other. . . . 2.
regulated investment company) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
3. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
12. Enter the total of any unrecaptured section 1250 gain from sales (including installment sales) or other
4. Enter the total unrecaptured section 1250 gain included on line 26 or line 37 of Form(s) 6252 from installment
dispositions of section 1250 property held more than 1 year for which you did not make an entry in Part I of
sales of trade or business property held more than 1 year (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 4.
Form 4797 for the year of sale (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
4EWWMZI %GXMZMX] 0SWW 0MQMXEXMSRW
5. Enter the total of any amounts reported to you on a Schedule K-1 from a partnership or an S corporation as
13. Add lines 9 through 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.
“unrecaptured section 1250 gain” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.
14. If you had any section 1202 gain or collectibles gain or (loss), enter the total of lines 1
(ITEVXQIRX SJ XLI 8VIEWYV]{-RXIVREP 6IZIRYI 7IVZMGI
97 -RHMZMHYEP -RGSQI 8E\ 6IXYVR
-67 9WI 3RP]{(S RSX [VMXI SV WXETPI MR XLMW WTEGI
*SVQ
'EYXMSR 8LI [SVOWLIIXW QYWX FI JMPIH [MXL ]SYV XE\ VIXYVR /IIT E GST] JSV ]SYV VIGSVHW
4EKI
*SVQ 31& 2S
6. Add lines 3 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. *SV XLI ]IEV .ER z(IG SV SXLIV XE\ ]IEV FIKMRRMRK IRHMRK 31& 2S ;SVOWLIIX {*SV *SVQ 0MRIW E F ERH G 7II TEKIW ERH SJ XLI MRWXVYGXMSRW
7II WITEVEXI MRWXVYGXMSRW
through 4 of the 28% Rate Gain Worksheet on page D-8. Otherwise, enter -0- . . . . . . 14. 0EFIP (ITEVXQIRX SJ XLI 8VIEWYV] %XXEGLQIRX
7. Enter the smaller of line 6 or the gain from Form 4797, line 7 . . . . . . . . . . . . . . . . . . . 7. =SYV JMVWX REQI ERH MRMXMEP 0EWX REQI =SYV WSGMEP WIGYVMX] RYQFIV %XXEGL XS *SVQ SV *SVQ
7IUYIRGI 2S
15. Enter the (loss), if any, from Schedule D, line 7. If Schedule D, line 7, is zero or a gain, 0
'YVVIRX ]IEV 4VMSV ]IEVW 3ZIVEPP KEMR SV PSWW
-RXIVREP 6IZIRYI 7IVZMGI
. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
8. enter -0- . amount,. if .any,. from. Form. 4797, .line .8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. (
Enter the . . . . . . . . . . . . . . . . . . . . ) 7II %
2EQI W
WLS[R SR VIXYVR -HIRXMJ]MRK RYQFIV
&
9. Subtract line 8 from capital loss carryovers from Schedule . . . . . . . . . . . . . . . .
16. Enter your long-termline 7. If zero or less, enter -0- . . . . . D,. line 14,. and. Schedule. K-1. . . . . . . . . . . . . . . . . 9.
MRWXVYGXMSRW 2EQI SJ EGXMZMX]
SR TEKI
) -J E NSMRX VIXYVR WTSYWIvW JMVWX REQI ERH MRMXMEP 0EWX REQI 7TSYWIvW WSGMEP WIGYVMX] RYQFIV E
2IX MRGSQI F
2IX PSWW G
9REPPS[IH
10. (Form the amount of any gain from. the .sale .or .exchange .of .an. interest .in a .partnership. attributable to
Enter 1041), box 11, code C* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. ( ) 0 PMRI E
PMRI F
PSWW PMRI G
H
+EMR I
0SWW
unrecaptured section 1250 16. If(see instructions) . . .enter .it as a .positive .amount. .If . . . result .is. zero .or .a. . . . 10.
gain the result is a (loss), . . . . . . . . . . . . . . . . . . the . . . . . . . . 9WI XLI -67 4EVX - 4EWWMZI %GXMZMX] 0SWW
17. Combine lines 14 through PEFIP , ,SQI EHHVIWW RYQFIV ERH WXVIIX
-J ]SY LEZI E 43 FS\ WII TEKI %TX RS 'EYXMSR 'SQTPIXI ;SVOWLIIXW ERH SR TEKI FIJSVI GSQTPIXMRK 4EVX -
11. gain, entertotal .of .any .amounts .reported. to. you. on a .Schedule .K-1,. Form 1099-DIV, or Form .2439 .as . . . . . . . . 17.
Enter the -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . =SY QYWX IRXIV
3XLIV[MWI ) ]SYV 772 W
EFSZI
“unrecaptured section 1250 gain. Subtract line 17 from line 13. investment trust, or -0-. If fund (or zero,
18. Unrecaptured section 1250 gain” from an estate, trust, real estateIf zero or less, enter mutualmore thanother TPIEWI TVMRX 6 6IRXEP 6IEP )WXEXI %GXMZMXMIW ;MXL %GXMZI 4EVXMGMTEXMSR *SV XLI HIJMRMXMSR SJ EGXMZI TEVXMGMTEXMSR WII
enter the result here and on Schedule . . .line .19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .. .. .. .. 11.
regulated investment company) . . . . D, . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ) 'MX] XS[R SV TSWX SJJMGI WXEXI ERH >-4 GSHI -J ]SY LEZI E JSVIMKR EHHVIWW WII TEKI 7TIGMEP %PPS[ERGI JSV 6IRXEP 6IEP )WXEXI %GXMZMXMIW SR TEKI SJ XLI MRWXVYGXMSRW
18. SV X]TI 'LIGOMRK E FS\ FIPS[ [MPP RSX
12. Enter the total of any unrecaptured section 1250 gain from sales (including installment sales) or other GLERKI ]SYV XE\ SV VIJYRH
4VIWMHIRXMEP E %GXMZMXMIW [MXL RIX MRGSQI IRXIV XLI EQSYRX JVSQ ;SVOWLIIX
dispositions of section 1250 property held more than 1 year for which you did not make an entry in Part I of 'LIGO LIVI MJ ]SY SV ]SYV WTSYWI MJ JMPMRK NSMRXP] [ERX XS KS XS XLMW JYRH WII TEKI
. . 12.
)PIGXMSR 'EQTEMKR =SY 7TSYWI GSPYQR E
E
Form 4797 for the year of sale 2555-EZ (relating . . . . . . . . . . . . . . . . . . . . . . . . . the . . . . .
*If you are filing Form 2555 or(see instructions) . .to .foreign. earned. income), .see .the. footnote .in . . . Foreign.
7MRKPI 8SXEP )RXIV SR *SVQ PMRIW E F F %GXMZMXMIW [MXL RIX PSWW IRXIV XLI EQSYRX JVSQ ;SVOWLIIX GSPYQR
Add lines 9 through 12 . . . . . . page . . . the . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13. Earned Income Tax Worksheet. on . . . . 37 .of . . . Form 1040 instructions. before. completing. this. line. . . . . . . . . 13. *MPMRK 7XEXYW ,IEH SJ LSYWILSPH [MXL UYEPMJ]MRK TIVWSR
7II TEKI
-J XLI
ERH G F
F
14. If you had any section 1202 gain or collectibles gain or (loss), enter the total of lines 1 1EVVMIH JMPMRK NSMRXP] IZIR MJ SRP] SRI LEH MRGSQI
UYEPMJ]MRK TIVWSR MW E GLMPH FYX RSX ]SYV HITIRHIRX IRXIV XLMW
through 4 of the 28% Rate Gain Worksheet on page D-8. Otherwise, enter -0- . . . . . . 14. 'LIGO SRP] SRI 1EVVMIH JMPMRK WITEVEXIP] )RXIV WTSYWIvW 772 EFSZI GLMPHvW REQI LIVI ;SVOWLIIX {*SV *SVQ 0MRIW E ERH F 7II TEKI SJ XLI MRWXVYGXMSRW
4VMSV ]IEVW YREPPS[IH PSWWIW IRXIV XLI EQSYRX JVSQ ;SVOWLIIX
G
15. Enter the (loss), if any, from Schedule D, line 7. If Schedule D, line 7, is zero or a gain, FS\ ERH JYPP REQI LIVI 5YEPMJ]MRK [MHS[ IV
[MXL HITIRHIRX GLMPH WII TEKI
2EQI SJ EGXMZMX]
E
'YVVIRX ]IEV F
4VMSV ]IEV
G
3ZIVEPP PSWW GSPYQR G
G
enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. ( ) E =SYVWIPJ -J WSQISRI GER GPEMQ ]SY EW E HITIRHIRX HS RSX GLIGO FS\ E &S\IW GLIGOIH HIHYGXMSRW PMRI E
YREPPS[IH HIHYGXMSRW PMRI F
H 'SQFMRI PMRIW E F ERH G H
16. Enter your long-term capital loss carryovers from Schedule D, line 14, and Schedule K-1 )\IQTXMSRW SR E ERH F
F 7TSYWI 'SQQIVGMEP 6IZMXEPM^EXMSR (IHYGXMSRW *VSQ 6IRXEP 6IEP )WXEXI %GXMZMXMIW
(Form 1041), box 11, code C* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. ( ) 2S SJ GLMPHVIR
17. Combine lines 14 through 16. If the result is a (loss), enter it as a positive amount. If the result is zero or a G (ITIRHIRXW
(ITIRHIRXvW
(ITIRHIRXvW
MJ UYEPMJ]MRK SR G [LS E 'SQQIVGMEP VIZMXEPM^EXMSR HIHYGXMSRW JVSQ ;SVOWLIIX GSPYQR E
E
G PMZIH [MXL ]SY
WSGMEP WIGYVMX] RYQFIV VIPEXMSRWLMT XS ]SY GLMPH JSV GLMPH XE\
gain, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.
*MVWX REQI 0EWX REQI GVIHMX WII TEKI
G HMH RSX PMZI [MXL F 4VMSV ]IEV YREPPS[IH GSQQIVGMEP VIZMXEPM^EXMSR HIHYGXMSRW JVSQ
]SY HYI XS HMZSVGI
18. Unrecaptured section 1250 gain. Subtract line 17 from line 13. If zero or less, enter -0-. If more than zero, SV WITEVEXMSR ;SVOWLIIX GSPYQR F
F
enter the result here and on Schedule D, line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18. -J QSVI XLER JSYV WII TEKI
8SXEP )RXIV SR *SVQ PMRIW E ERH G %HH PMRIW E ERH F G
HITIRHIRXW WII (ITIRHIRXW SR G F
TEKI ERH RSX IRXIVIH EFSZI %PP 3XLIV 4EWWMZI %GXMZMXMIW
;SVOWLIIX {*SV *SVQ 0MRIW E F ERH G 7II TEKI SJ XLI MRWXVYGXMSRW
*If you are filing Form 2555 or 2555-EZ (relating to foreign earned income), see the footnote in the Foreign GLIGO LIVI %HH RYQFIVW SR
E %GXMZMXMIW [MXL RIX MRGSQI IRXIV XLI EQSYRX JVSQ ;SVOWLIIX
Earned Income Tax Worksheet on page 38 of the Form 1040 instructions before completing this line. H 8SXEP RYQFIV SJ I\IQTXMSRW GPEMQIH PMRIW EFSZI 'YVVIRX ]IEV 4VMSV ]IEVW 3ZIVEPP KEMR SV PSWW GSPYQR E
E
;EKIW WEPEVMIW XMTW IXG %XXEGL *SVQ W
; 2EQI SJ EGXMZMX] F %GXMZMXMIW [MXL RIX PSWW IRXIV XLI EQSYRX JVSQ ;SVOWLIIX GSPYQR
-RGSQI E
2IX MRGSQI F
2IX PSWW G
9REPPS[IH
D-9 E 8E\EFPI MRXIVIWX %XXEGL 7GLIHYPI & MJ VIUYMVIH E PMRI E
PMRI F
PSWW PMRI G
H
+EMR I
0SWW F
F
F 8E\I\IQTX MRXIVIWX (S RSX MRGPYHI SR PMRI E F G 4VMSV ]IEVW YREPPS[IH PSWWIW IRXIV XLI EQSYRX JVSQ ;SVOWLIIX
%XXEGL *SVQ W
GSPYQR G
G
E 3VHMREV] HMZMHIRHW %XXEGL 7GLIHYPI & MJ VIUYMVIH E
; LIVI %PWS
EXXEGL *SVQW F 5YEPMJMIH HMZMHIRHW WII TEKI
F H 'SQFMRI PMRIW E F ERH G H
7GLIHYPI ( *SVQ
4EKI ;+ ERH 8E\EFPI VIJYRHW GVIHMXW SV SJJWIXW SJ WXEXI ERH PSGEP MRGSQI XE\IW WII TEKI
'SQFMRI PMRIW H G ERH H -J XLI VIWYPX MW RIX MRGSQI SV ^IVS EPP PSWWIW EVI EPPS[IH MRGPYHMRK
D-9 6 MJ XE\ %PMQSR] VIGIMZIH ER] TVMSV ]IEV YREPPS[IH PSWWIW IRXIVIH SR PMRI G F SV G (S RSX GSQTPIXI *SVQ
4EVX --- 7YQQEV] [EW [MXLLIPH 6ITSVX XLI PSWWIW SR XLI JSVQW ERH WGLIHYPIW RSVQEPP] YWIH
&YWMRIWW MRGSQI SV PSWW
%XXEGL 7GLIHYPI ' SV ')>
8SXEP )RXIV SR *SVQ PMRIW E F
'ETMXEP KEMR SV PSWW
%XXEGL 7GLIHYPI ( MJ VIUYMVIH -J RSX VIUYMVIH GLIGO LIVI -J PMRI MW E PSWW ERH y 0MRI H MW E PSWW KS XS 4EVX --
ERH G
-J ]SY HMH RSX 3XLIV KEMRW SV PSWWIW
%XXEGL *SVQ y 0MRI G MW E PSWW ERH PMRI H MW ^IVS SV QSVI
WOMT 4EVX -- ERH KS XS 4EVX ---
'SQFMRI PMRIW ERH ERH IRXIV XLI VIWYPX KIX E ; ;SVOWLIIX {9WI XLMW [SVOWLIIX MJ ER EQSYRX MW WLS[R SR *SVQ PMRI SV 7II TEKI SJ XLI MRWXVYGXMSRW
E -6% HMWXVMFYXMSRW E F 8E\EFPI EQSYRX WII TEKI
F y 0MRI H MW E PSWW ERH PMRIW H ERH G EVI ^IVS SV QSVI
WOMT 4EVXW -- ERH --- ERH KS XS PMRI
WII TEKI *SVQ SV WGLIHYPI
E 4IRWMSRW ERH ERRYMXMIW E F 8E\EFPI EQSYRX WII TEKI
F H
7YFXVEGX 'EYXMSR -J ]SYV JMPMRK WXEXYW MW QEVVMIH JMPMRK WITEVEXIP] ERH ]SY PMZIH [MXL ]SYV WTSYWI EX ER] XMQI HYVMRK XLI ]IEV HS RSX GSQTPIXI
-J PMRI MW ERH PMRI RYQFIV G
7TIGMEP
6IRXEP VIEP IWXEXI VS]EPXMIW TEVXRIVWLMTW 7 GSVTSVEXMSRW XVYWXW IXG %XXEGL 7GLIHYPI ) 2EQI SJ EGXMZMX] E
0SWW F
6EXMS GSPYQR G
JVSQ 4EVX -- SV 4EVX --- -RWXIEH KS XS PMRI
G % KEMR IRXIV XLI EQSYRX JVSQ PMRI SR *SVQ PMRI SV *SVQ 26 PMRI 8LIR XS FI VITSVXIH SR EPPS[ERGI
)RGPSWI FYX HS GSPYQR E
4EVX -- 7TIGMEP %PPS[ERGI JSV 6IRXEP 6IEP )WXEXI %GXMZMXMIW ;MXL %GXMZI 4EVXMGMTEXMSR
*EVQ MRGSQI SV PSWW
%XXEGL 7GLIHYPI * WII MRWXVYGXMSRW
KS XS PMRI FIPS[ RSX EXXEGL ER] 2SXI )RXIV EPP RYQFIVW MR 4EVX -- EW TSWMXMZI EQSYRXW 7II TEKI SJ XLI MRWXVYGXMSRW JSV ER I\EQTPI
TE]QIRX %PWS 9RIQTPS]QIRX GSQTIRWEXMSR MR I\GIWW SJ TIV VIGMTMIRX WII TEKI
G % PSWW WOMT PMRIW XLVSYKL FIPS[ 8LIR KS XS PMRI %PWS FI WYVI XS GSQTPIXI PMRI
TPIEWI YWI E 7SGMEP WIGYVMX] FIRIJMXW E F 8E\EFPI EQSYRX WII TEKI
F )RXIV XLI WQEPPIV SJ XLI PSWW SR PMRI H SV XLI PSWW SR PMRI
G >IVS WOMT PMRIW XLVSYKL FIPS[ ERH IRXIV SR *SVQ PMRI SV *SVQ 26 *SVQ : )RXIV -J QEVVMIH JMPMRK WITEVEXIP] WII TEKI
3XLIV MRGSQI 0MWX X]TI ERH EQSYRX WII TEKI
PMRI 8LIR KS XS PMRI
%HH XLI EQSYRXW MR XLI JEV VMKLX GSPYQR JSV PMRIW XLVSYKL 8LMW MW ]SYV XSXEP MRGSQI )RXIV QSHMJMIH EHNYWXIH KVSWW MRGSQI FYX RSX PIWW XLER ^IVS WII TEKI
)HYGEXSV I\TIRWIW WII TEKI
2SXI -J PMRI MW KVIEXIV XLER SV IUYEP XS PMRI WOMT PMRIW ERH
%VI PMRIW ERH FSXL KEMRW# %HNYWXIH IRXIV SR PMRI 3XLIV[MWI KS XS PMRI
'IVXEMR FYWMRIWW I\TIRWIW SJ VIWIVZMWXW TIVJSVQMRK EVXMWXW ERH
=IW +S XS PMRI +VSWW 7YFXVEGX PMRI JVSQ PMRI
JIIFEWMW KSZIVRQIRX SJJMGMEPW %XXEGL *SVQ SV )> 8SXEP
2S 7OMT PMRIW XLVSYKL ERH KS XS PMRI -RGSQI 1YPXMTP] PMRI F]
(S RSX IRXIV QSVI XLER -J QEVVMIH JMPMRK WITEVEXIP] WII TEKI
,IEPXL WEZMRKW EGGSYRX HIHYGXMSR %XXEGL *SVQ ;SVOWLIIX {%PPSGEXMSR SJ 9REPPS[IH 0SWWIW 7II TEKI SJ XLI MRWXVYGXMSRW
1SZMRK I\TIRWIW %XXEGL *SVQ )RXIV XLI WQEPPIV SJ PMRI SV PMRI
*SVQ SV WGLIHYPI
)RXIV XLI EQSYRX MJ ER] JVSQ PMRI SJ XLI 6EXI +EMR ;SVOWLIIX SR TEKI ( SJ XLI -J PMRI G MW E PSWW KS XS 4EVX --- 3XLIV[MWI KS XS PMRI
3RILEPJ SJ WIPJIQTPS]QIRX XE\ %XXEGL 7GLIHYPI 7) ERH PMRI RYQFIV
MRWXVYGXMSRW 2EQI SJ EGXMZMX] E
0SWW F
6EXMS G
9REPPS[IH PSWW 4EVX --- 7TIGMEP %PPS[ERGI JSV 'SQQIVGMEP 6IZMXEPM^EXMSR (IHYGXMSRW *VSQ 6IRXEP 6IEP )WXEXI %GXMZMXMIW
7IPJIQTPS]IH 7)4 7-140) ERH UYEPMJMIH TPERW XS FI VITSVXIH SR
7IPJIQTPS]IH LIEPXL MRWYVERGI HIHYGXMSR WII TEKI
WII MRWXVYGXMSRW
2SXI )RXIV EPP RYQFIVW MR 4EVX --- EW TSWMXMZI EQSYRXW 7II XLI I\EQTPI JSV 4EVX -- SR TEKI SJ XLI MRWXVYGXMSRW
)RXIV XLI EQSYRX MJ ER] JVSQ PMRI SJ XLI 9RVIGETXYVIH 7IGXMSR +EMR ;SVOWLIIX SR 4IREPX] SR IEVP] [MXLHVE[EP SJ WEZMRKW )RXIV VIHYGIH F] XLI EQSYRX MJ ER] SR PMRI -J QEVVMIH JMPMRK WITEVEXIP] WII MRWXVYGXMSRW
TEKI ( SJ XLI MRWXVYGXMSRW )RXIV XLI PSWW JVSQ PMRI
E %PMQSR] TEMH F 6IGMTMIRXvW 772 E
-6% HIHYGXMSR WII TEKI
6IHYGI PMRI F] XLI EQSYRX SR PMRI
%VI PMRIW ERH FSXL ^IVS SV FPERO# )RXIV XLI WQEPPIWX SJ PMRI G XVIEXIH EW E TSWMXMZI EQSYRX
PMRI SV PMRI
7XYHIRX PSER MRXIVIWX HIHYGXMSR WII TEKI
=IW 'SQTPIXI *SVQ XLVSYKL PMRI SV *SVQ 26 XLVSYKL PMRI 8LIR GSQTPIXI 8YMXMSR ERH JIIW HIHYGXMSR %XXEGL *SVQ 4EVX -: 8SXEP 0SWWIW %PPS[IH
XLI 5YEPMJMIH (MZMHIRHW ERH 'ETMXEP +EMR 8E\ ;SVOWLIIX SR TEKI SJ XLI -RWXVYGXMSRW (SQIWXMG TVSHYGXMSR EGXMZMXMIW HIHYGXMSR %XXEGL *SVQ %HH XLI MRGSQI MJ ER] SR PMRIW E ERH E ERH IRXIV XLI XSXEP
JSV *SVQ SV MR XLI -RWXVYGXMSRW JSV *SVQ 26
(S RSX GSQTPIXI PMRIW ERH %HH PMRIW XLVSYKL E ERH XLVSYKL 8SXEP 8SXEP PSWWIW EPPS[IH JVSQ EPP TEWWMZI EGXMZMXMIW JSV %HH PMRIW ERH 7II TEKI SJ
FIPS[ 7YFXVEGX PMRI JVSQ PMRI 8LMW MW ]SYV EHNYWXIH KVSWW MRGSQI *SVQ
XLI MRWXVYGXMSRW XS JMRH SYX LS[ XS VITSVX XLI PSWWIW SR ]SYV XE\ VIXYVR
2S 'SQTPIXI *SVQ XLVSYKL PMRI SV *SVQ 26 XLVSYKL PMRI 8LIR GSQTPIXI *SV (MWGPSWYVI 4VMZEG] %GX ERH 4ETIV[SVO 6IHYGXMSR %GX 2SXMGI WII TEKI 'EX 2S & *SVQ
*SV 4ETIV[SVO 6IHYGXMSR %GX 2SXMGI WII TEKI SJ XLI MRWXVYGXMSRW 'EX 2S * *SVQ
XLI 7GLIHYPI ( 8E\ ;SVOWLIIX SR TEKI ( SJ XLI MRWXVYGXMSRW (S RSX GSQTPIXI PMRIW
ERH FIPS[
-J PMRI MW E PSWW IRXIV LIVI ERH SR *SVQ PMRI SV *SVQ 26 PMRI XLI WQEPPIV
SJ
G 8LI PSWW SR PMRI SV
G
SV MJ QEVVMIH JMPMRK WITEVEXIP]
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