Download
aicpa draft 1 n.
Skip this Video
Loading SlideShow in 5 Seconds..
AICPA Draft #1 PowerPoint Presentation
Download Presentation
AICPA Draft #1

AICPA Draft #1

85 Vues Download Presentation
Télécharger la présentation

AICPA Draft #1

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. Schedule D (Form 1041NR) Capital Gains and Losses OMB No. 1545-0092 2007 Department of the Treasury Attach to Form 1041NR. See the separate instructions for Form 1041NR. Internal Revenue Service ► Name of estate or trust Employer identification number Part I Short-Term Capital Gains and Losses – Assets Held One Year or Less (b) (c) (d) (e) (f) (a) 1a Description of property Cost or Gain or (Loss) (Example: 100 shares for the entire year Sales price other basis Date acquired Date sold (mo, day, yr) (mo, day, yr) (See instructions) 7% preferred of ‘Z’ Co) Subtract (e) from (d) AICPA Draft #1 b Enter your short-term gain or loss, if any, from Schedule D-1, Line 1b ……………………………..1b 2 Short-term capital gain or (loss) from Forms 4684, 6252, 6781, and 8824…………………………. 2 3 Net short-term gain or (loss) from partnerships, S corporations, and other estates or trusts……….. 3 4 Foreign Currency Exchange capital gain or (loss) from Page 4, Form 1041NR………… ……… . 4 5 Short-term capital loss carryover. Enter the amount, if any, from Line 9 of the 2006 Capital Loss Carryover Worksheet………………………………………………………………………………… 5 6 Net short-term gain or (loss). Combine Lines 1a through 5 in Column (f). Enter here and on 6 Line 15, Column (3) on Page 2……………………………………………………………………► . Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year (a) (b) (c) (d) (e) (f) 7a Gain or (Loss) Description of property Cost or Date sold Sales price for the entire year Date acquired other basis (Example: 100 shares (mo, day, yr) (mo, day, yr) 7% preferred of ‘Z’ Co) (See instructions) Subtract (e) from (d) b Enter your short-term gain or loss, if any, from Schedule D-1, Line 7b ……………………………. 7b 8 Long-term capital gain or (loss from Forms 2439, 4684, 6252, 6781, and 8824………………………. 8 9 9 Net long-term gain or (loss) from partnerships, S corporations, and other estates or trusts…………… 10 10 Capital gain distributions………………………………………………………………………………. 11 11 Gain from Form 4797, Part I………………………………………………………………………….. 12 Long-term capital loss carryover. Enter the amount, if any, from Line 14 of the 2006 Capital Loss 12 Carryover Worksheet………………………………………………………………………………….. 13 13 Foreign Currency Exchange capital gain or (loss) from Page 4, Form 1041NR …………………………………………………… 14 Net long-term gain or (loss). Combine Lines 7a through 13 in Column (f). Enter here and on Line 16a, Column (3) on Page 2………………………………………………………………………► …. 14 BAA For Paperwork Reduction Act Notice, see the instructions for Form 1041NR. Schedule D (Form 1041NR) 2007 FIFA1512L 08/08/07

  2. Schedule D Continuation Sheet for Schedule D (Form 1041NR) (Form 1041NR) OMB No. 1545-0092 ► See Instructions for Schedule D (Form 1041NR) 2007 Department of the Treasury Internal Revenue Service ► Attach to Schedule D to list additional transactions for Lines 1a and 7a. Name of estate or trust Employer identification number Part I Short-Term Capital Gains and Losses – Assets Held One Year or Less (a) (b) (c) (d) (e) (f) 1a Description of property Cost or Gain or (Loss) Date acquired Date sold other basis Sales price (Example: 100 shares (mo, day, yr) (mo, day, yr) (See instructions) (See instructions) Subtract (e) from (d) 7% preferred of ‘Z’ Co) 1b Total. Combine the amounts in Column (f). Enter here and on Schedule D, Line 1b…………………... BAA For Paperwork Reduction Act Notice, see the instructions for Form 1041NR. Schedule D (Form 1041NR) 2007 FIFA1512L 08/08/07

  3. Schedule D (Form 1041NR) 2007 (1) (2) (3) Part III Summary of Parts I and III Beneficiaries’ Estate’s or Trust’s Total Caution: Read the instructionsbefore completing this part. (See Instructions) 15 15 Net short-term gain or (loss)……………………….. 16 Net long-term gain or (loss) 16a a Total for year……………………………………. 16b b Unrecaptured Section 1250 gain…………………. (See Line 18 of the worksheet in the instructions.) 16c c 28% rate gain or (loss)……………………………. 17 17 Total net gain or (loss). Combine Lines 13 and 14a. ► ► Note:If Line 17, Column (3), is a net gain, enter the gain on Form 1041 NR, Line 4. If Lines 16a and 17, Column (2), are net gains, go to Part V, and do not complete Part IV. If Line 17, Column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet, as necessary. Part IV Capital Loss Limitation 18 Enter here and enter as a (loss) on Form 1041NR, Line 4, the smaller of: a The loss on Line 17, Column (3) or b $3,000………………………………….……… 18 If the loss on Line 17, Column (3), is more than $3,000, or if Form 1041NR, Page 1, Line 22, is a loss, complete the Capital Loss Carryover Worksheet in the instructions to figure your capital loss carryover. Tax Computation Using Maximum Capital Gain Rates Part V Complete this part only if both Lines 16 and 17 in Column (2) are gains, or an amount is entered in Part I or Part II and there is an entry on Form 1041NR, Line 2b(2), and Form 1041NR, Line 22, is more than zero. If Line 16b, Column(2) or Line 16c, Column (2) is more than zero, complete the worksheet in the instructions and skip Part V. Otherwise, go to Line 19. 19 19 Enter taxable income from Form 1041NR, Line 22……………………….. 20 Enter the smaller of Line 16a or 17 in Column (2) 20 but not less than zero……………………………….. 21 Enter the estate’s or trust’s qualified dividends 21 from Form 1041NR Line 2b(2)……………………. 22 Add Lines 20 and 21……………………………….. 22 If the estate or trust is filing form 4952, enter the 23 23 amount from Line 4g; otherwise enter 0………….. 24 24 Subtract Line 23 from Line 22. If zero or less, enter 0………………….... 25 25 Subtract Line 24 from Line 19. If zero or less, enter 0……………………. 26 Enter the smaller of the amount of Line 19 or $2,150……………………. 26 27 Is the amount on line 25 equal to more than the amount on Line 26?.......... Yes. Skip Lines 27 through 29; go to Line 30 and check the ‘No’ box. 27 No. Enter the amount from Line 25…………………………………… 28 28 Subtract Line 27 from Line 26…………………………………………….. 29 Multiply Line 28 by 5% (.05)………………………………………………………………………… 29 30 Are the amounts on Lines 24 and 28 the same? 30 Yes. Skip Lines 30-33; go to Line 34. No. Enter the smaller of Line 19 or Line 24….. 31 31 Enter the amount from Line 28. (If Line 28 is blank, enter 0.)…………….. 32 32 Subtract Line 31 from Line 30……………………………………………… 33 33 Multiply Line 32 by 15% (.15)………………………………………………………………………. 34 34 Figure the tax on the amount on Line 25. Use the 2007 Tax Rate Schedule in the instructions……. 35 Add Lines 29, 33 and 34…………………………………………………………………………….. 35 36 Figure the tax on the amount on Line 19. Use the 2007 Tax Rate Schedule in the instructions……. 36 37 Tax on all taxable income. Enter the smaller of Line 35 or Line 36 here and on Line 2a 37 of Schedule C, Form 1041NR………………………………………………………………………… BAA For Paperwork Reduction Act Notice, see the instructions for Form 1041NR. (Form 1041NR) 2007 Schedule D FIFA1512L 08/08/07

  4. Schedule D-1 (Form 1041NR) 2007 Page 2 Name of estate or trust as shown on Form 1041NR. Do not enter name and employer identification number if shown on the other side. Employer identification number Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year (a) (b) (c) (d) (e) (f) 7a Description of property Cost or Gain or (Loss) Date acquired Date sold other basis Sales price (Example: 100 shares (mo, day, yr) (mo, day, yr) (See instructions) (See instructions) Subtract (e) from (d) 7% preferred of ‘Z’ Co) 7b Total. Combine the amounts in Column (f). Enter here and on Schedule D, Line 7b……………………. BAA For Paperwork Reduction Act Notice, see the instructions for Form 1041NR. Schedule D-1 (Form 1041NR) 2007 FIFA1512L 08/08/07