Tax Form 1041sdi Fill in and Calculate Online

Form 1041sdi: Instructions for Schedule D (Form 1041)

Use Tax Form 1041sdi: Instructions for Schedule D (Form 1041) as a stand alone tax form calculator to quickly calculate specific amounts for your 2024 tax return. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Instructions for Schedule D (Form 1041)
Unrecaptured Section 1250 Gain Worksheet—Line 18b
If the estate or trust isn't reporting a gain on Form 4797, line 7, skip lines 1 through 9 and go to line 10.
1.	If the estate or trust has a section 1250 property in Part III of Form 4797 for which you made an entry in Part I of Form 4797 (but not on Form 6252), enter the smaller of line 22 or line 24 of Form 4797 for that property. If the estate or trust didn't have any such property, go to line 4. If it had more than one such property, see instructions		1.
2.	Enter the amount from Form 4797, line 26g, for the property for which you made an entry on line 1		2.
3.	Subtract line 2 from line 1		3.
4.	Enter the total unrecaptured section 1250 gain included on line 26 or line 37 of Form(s) 6252 from installment sales of trade or business property held more than 1 year (see instructions)		4.
5.	Enter the total of any amounts reported to the estate or trust on a Schedule K-1 from a partnership or an S corporation as “unrecaptured section 1250 gain		5.
6.	Add lines 3 through 5		6.
7.	Enter the smaller of line 6 or the gain from Form 4797, line 7	7.
8.	Enter the amount, if any, from Form 4797, line 8	8.
9.	Subtract line 8 from line 7. If zero or less, enter -0-		9.
10.	Enter the amount of any gain from the sale or exchange of an interest in a partnership attributable to unrecaptured section 1250 gain (see instructions)		10.
11.	Enter the total of any amounts reported to the estate or trust on a Schedule K-1, Form 1099-DIV, or Form 2439 as “unrecaptured section 1250 gain” from an estate, trust, real estate investment trust, or mutual fund (or other regulated investment company)		11.
12.	Enter the total of any unrecaptured section 1250 gain from sales (including installment sales) or other dispositions of section 1250 property held more than 1 year for which you didn't make an entry in Part I of Form 4797 for the year of sale (see instructions)		12.
13.	Add lines 9 through 12		13.
14.	If the estate or trust had any section 1202 gain or collectibles gain or (loss), enter the total of lines 1 through 4 of the 28% Rate Gain Worksheet. Otherwise, enter -0-	14.
15.	Enter the (loss), if any, from Schedule D, line 7. If Schedule D, line 7, is zero or a gain, enter -0-	15.
16.	Enter the estate's or trust's long-term capital loss carryovers from Schedule D, line 15, and from Schedule K-1 (Form 1041), box 11, code C, from another estate or trust	16.
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 gain, enter -0-		17.
18.	Unrecaptured section 1250 gain. Subtract line 17 from line 13. If zero or less, enter -0-. Enter the result here and in the appropriate columns of Schedule D, line 18b		18.
28% Rate Gain Worksheet—Line 18c
1.	Enter the total of all collectibles gain or (loss) from items reported on Form 8949, Part II		1.
2.	Enter as a positive number the total of: • Any section 1202 exclusion you reported in column (g) of Form 8949, Part II, with code “Q” in column (f), for which you excluded 50% of the gain; bull; 2/3 of any section 1202 exclusion you reported in column (g) of Form 8949, Part II, with code “Q” in column (f), for which you excluded 60% of the gain; and bull; 1/3 of any section 1202 exclusion you reported in column (g) of Form 8949, Part II, with code “Q” in column (f), for which you excluded 75% of the gain. Don't make an entry for any section 1202 exclusion that is 100% of the gain.		2.
3.	Enter the total of all collectibles gain or (loss) from Form 4684, line 4 (but only if Form 4684, line 15 is more than zero); Form 6252; Form 6781, Part II; and Form 8824		3.
4.	Enter the total of any collectibles gain reported to the estate or trust on: •Form 1099-DIV, box 2d; •Form 2439, box 1d; and •Schedule K-1 from a partnership, S corporation, estate, or trust.		4.
5.	Enter the estate's or trust's long-term capital loss carryovers from Schedule D, line 15, and from box 11, code C of Schedule K-1 (Form 1041) from another estate or trust		5.
6.	If Schedule D, line 7 is a (loss), enter that (loss) here. Otherwise, enter -0-		6.
7.	Combine lines 1 through 6. If zero or less, enter -0-. If more than zero, also enter this amount in the appropriate columns of Schedule D, line 18c		7.
Capital Loss Carryover Worksheet
Use this worksheet to figure the estate's or trust's capital loss carryovers from 2016 to 2017 if Schedule D, line 20 is a loss and (a) the loss on Schedule D, line 19, col. (3) is more than $3,000 or (b) Form 1041, page 1, line 22 is a loss.
1.	Enter taxable income or (loss) from Form 1041, line 22		1.
2.	Enter the loss from line 20 of Schedule D as a positive amount		2.
3.	Enter amount from Form 1041, line 20		3.
4.	Adjusted taxable income. Combine lines 1, 2, and 3. If zero or less, enter -0-		4.
5.	Enter the smaller of line 2 or line 4		5.
	Note: If line 7 of Schedule D is a loss, go to line 6; otherwise, enter -0- on line 6 and go to line 10.
6.	Enter loss from Schedule D, line 7 as a positive amount		6.
7.	Enter gain, if any, from Schedule D, line 16. If that line is blank or shows a loss, enter -0-	7.
8.	Add lines 5 and 7		8.
9.	Shortterm capital loss carryover to 2017. Subtract line 8 from line 6. If zero or less, enter -0-. If this is the final return of the estate or trust, also enter on Schedule K-1 (Form 1041), box 11, using code B		9.
	Note: If line 16 of Schedule D is a loss, go to line 10; otherwise, skip lines 10 through 14.
10.	Enter loss from Schedule D, line 16, as a positive amount		10.
11.	Enter gain, if any, from Schedule D, line 7. If that line is blank or shows a loss, enter -0-	11.
12.	Subtract line 6 from line 5. If zero or less, enter -0-	12.
13.	Add lines 11 and 12		13.
14.	Longterm capital loss carryover to 2017. Subtract line 13 from line 10. If zero or less, enter -0-. If this is the final return of the estate or trust, also enter on Schedule K-1 (Form 1041), box 11, using code C		14.
Schedule D Tax Worksheet
Complete this worksheet only if: • On Schedule D, line 18b, column (2), or line 18c, column (2), is more than zero, or • Both line 2b(1) of Form 1041 and line 4g of Form 4952 are more than zero. Exception: Don't use this worksheet to figure the estate's or trust's tax if line 18a, column (2), or line 19, column (2), of Schedule D or Form 1041, line 22 is zero or less; instead, see the Instructions for Form 1041, Schedule G, line 1a.
1.	Enter the estate's or trust's taxable income from Form 1041, line 22		1.
2.	Enter qualified dividends, if any, from Form 1041, line 2b(2)		2.
3.	Enter the amount from Form 4952, line 4g		3.
4.	Enter the amount from Form 4952, line 4e*		4.
5.	Subtract line 4 from line 3. If zero or less, enter -0-		5.
6.	Subtract line 5 from line 2. If zero or less, enter -0-		6.
7.	Enter the smaller of line 18a, col. (2) or line 19, col. (2) from Sch. D		7.
8.	Enter the smaller of line 3 or line 4		8.
9.	Subtract line 8 from line 7. If zero or less, enter -0-		9.
10.	Add lines 6 and 9		10.
11.	Add lines 18b, column (2) and 18c, column (2) from Schedule D		11.
12.	Enter the smaller of line 9 or line 11		12.
13.	Subtract line 12 from line 10		13.
14.	Subtract line 13 from line 1. If zero or less, enter -0-		14.
15.	Enter the smaller of line 1 or $2550		15.
16.	Enter the smaller of line 14 or line 15		16.
17.	Subtract line 10 from line 1. If zero or less, enter -0-		17.
18.	Enter the larger of line 16 or line 17		18.
19.	Subtract line 16 from line 15. This amount is taxed at 0%		19.
	If lines 1 and 15 are the same, skip lines 20 through 40 and go to line 41. Otherwise, go to line 20.
20.	Enter the smaller of line 1 or line 13		20.
21.	Enter the amount from line 19 (if line 19 is blank, enter -0-)		21.
22.	Subtract line 21 from line 20. If zero or less, enter -0-		22.
23.	Enter the smaller of line 1 or $12400		23.
24.	Add lines 18 and 19		24.
25.	Subtract line 24 from line 23. If zero or less, enter -0-		25.
26.	Enter the smaller of line 22 or line 25		26.
27.	Multiply line 26 by 15% (0.15)		27.
28.	Reserved		28.
29.	Add lines 19 and 26		29.
	If lines 1 and 29 are the same, skip lines 30 through 40 and go to line 41. Otherwise, go to line 30
30.	Subtract line 29 from line 20. If zero or less, enter -0-		30.
31.	Multiply line 30 by 20% (0.2)		31.
32.	Enter the smaller of line 9 (above) or line 18b, col. (2) (from Schedule D)		32.
33.	Add lines 10 and 18		33.
34.	Enter the amount from line 1 above		34.
35.	Subtract line 34 from line 33. If zero or less, enter -0-		35.
36.	Subtract line 35 from line 32. If zero or less, enter -0-		36.
37.	Multiply line 36 by 25% (0.25)		37.
	If Schedule D, line 18c, column (2) is zero or blank, skip lines 38 through 40 and go to line 41. Otherwise, go to line 38.
38.	Add lines 18, 19, 26, 30, and 36		38.
39.	Subtract line 38 from line 1		39.
40.	Multiply line 39 by 28% (0.28)		40.
41.	Figure the tax on the amount on line 18. Use the 2016 Tax Rate Schedule in the Instructions for Form 1041		41.
42.	Add lines 27, 31, 37, 40 and 41		42.
43.	Figure the tax on the amount on line 1. Use the 2016 Tax Rate Schedule in the Instructions for Form 1041		43.
44.	Tax on all taxable income (including capital gains and qualified dividends). Enter the smaller of line 42 or line 43 here and on Form 1041, Schedule G, line 1a		44.
*If applicable, enter instead the smaller amount entered on the dotted line next to line 4e of Form 4952.

Follow us on Facebook to be informed of the latest updates to the US Tax Form Calculator and our popular Tax and Finance Calculators.