Unrecaptured Section 1250 Gain Worksheet - (Sch. D Inst)

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Instructions for Schedule D (Form 1041)

14:04 - 22-OCT-2009

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

Line 9—Capital Gain
Distributions
Enter as a long-term capital gain on line
9, column (f), the total capital gain
distributions paid during the year,
regardless of how long the estate or
trust held its investment. This amount is
shown in box 2a of Form 1099-DIV. If
there is an amount in box 2b, include
that amount on line 11 of the
Unrecaptured Section 1250 Gain
Worksheet below if you are required to
complete the worksheet. If there is an
amount in box 2c, see Exclusion of
Gain on Qualified Small Business
(QSB) Stock (Section 1202) on page 2.
If there is an amount in box 2d of Form
1099-DIV, include the amount on line 4
of the 28% Rate Gain Worksheet.
The instructions above assume
the estate or trust is a cash
CAUTION basis calendar year taxpayer.

!

Line 13, Column
(1)—Beneficiaries’ Net
Short-Term Capital Gain or
Loss

Line 13, Column
(2)—Estate’s or Trust’s Net
Short-Term Capital Gain or
Loss

Enter the amount of net short-term
capital gain or loss allocable to the
beneficiary or beneficiaries. Include
only those short-term capital losses that
are taken into account in determining
the amount of gain from the sale or
exchange of capital assets that is paid,
credited, or required to be distributed to
any beneficiary during the tax year. See
Regulations section 1.643(a)-3 for more
information about allocation of capital
gains and losses.
If the losses from the sale or
exchange of capital assets are more
than the gains, the net loss must be
allocated to the estate or trust and not
to the beneficiaries.

Enter the amount of the net short-term
capital gain or loss allocable to the
estate or trust. Include any capital gain
paid or permanently set aside for a
charitable purpose specified in section
642(c).

Unrecaptured Section 1250 Gain Worksheet—Line 14b

Line 13, Column (3)—Total
Enter the total of the amounts entered
in columns (1) and (2). The amount in
column (3) should be the same as the
amount on line 5.

Line 14a—Net Long-Term
Capital Gain or Loss
Allocate the net long-term capital gain
or loss on line 14a in the same manner
as the net short-term capital gain or
loss on line 13. However, do not take
the section 1202 exclusion on gain from
the sale or exchange of qualified small
business stock into account when

Keep for Your Records

If the estate or trust is not 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 did not 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 did not 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 on page 6.
Otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
15. Enter the (loss), if any, from Schedule D, line 5. If Schedule D, line 5, 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
11, 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 14b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.

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