Schedule D (Form 1040) Capital Gains and Losses

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Description: This IRS Tax form is the Schedule D (Form 1040). The first part pertains to Short-Term Capital Gains and Losses for Assets which have been held for a year of less while the second part is for assets held for a year or more. This form is relevant to you and must be filled out if you sold something like some property you held, a boat or a piece of art.