From the instructions for Schedule D - Use Schedule D (Form 1040) 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 (or effectively connected capital gain distributions not reported directly on Form 1040-NR). If the amount from 2a was directly reported on Line 7 of Form 1040, Schedule D is not required.
- Nonbusiness bad debts.
Detailed - Use Schedule D:
- To figure the overall gain or loss from transactions reported on Form 8949;
- To report certain transactions you don't have to report on Form 8949;
- To report a gain from Form 2439 or 6252 or Part I of Form 4797;
- To report a gain or loss from Form 4684, 6781, or 8824;
- To report a gain or loss from a partnership, S corporation, estate, or trust;
- To report capital gain distributions not reported directly on Form 1040 or 1040-SR, line 7; and
- To report a capital loss carryover from 2023 to 2024.
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