Schedule D - Capital Gains and Losses
Use Schedule D to report the following:
The sale or exchange of a capital asset not reported on another form or schedule. Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit. Capital gain distributions not reported directly on Form 1040, line 13. Nonbusiness bad debts. Capital Asset
Most property you own or use for personal purposes, pleasure, or investment is a capital asset. For example, your house, furniture, car stocks and bonds are capital assets.
Separate your capital gains and losses according to how long you held or owned the property. The holding period for short-term capital gains and losses is 1 year or less. The holding period for long-term capital gains and losses is more than 1 year.
If you disposed of property that you acquired by inheritance, report the disposition as a long-term gain or loss, regardless of how long you held the property.
A nonbusiness bad debt must be treated as a short-term capital loss.