TurboTax FAQ
TurboTax FAQ
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What is Schedule D?

Schedule D, Capital Gains and Losses reports the gains and losses from the sale or trade of capital assets.

Capital assets are pretty much everything you own for personal or investment purposes, including stocks, your home, cars, furniture, clothing, jewelry, and so on.

When you make money by selling a capital asset, it gets reported on Schedule D. Investment losses also go on Schedule D, but personal property you sold at a loss (for example, items you sold at a garage sale or your old car) are not reported on your taxes and are usually not deductible.