Form 1041 (Schedule D) — Capital Gains and Losses

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f1041sd.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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SCHEDULE D (Form 1041)

Department of the Treasury Internal Revenue Service

Attach to Form 1041, Form 5227, or Form 990-T. Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10. Go to www.irs.gov/Form1041 for instructions and the latest information.

OMB No. 1545-0092

Name of estate or trust Employer identification number

Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? . . . . . . . . If “Yes,” attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss.

Note: Form 5227 filers need to complete only Parts I and II.

Yes No

For Paperwork Reduction Act Notice, see the Instructions for Form 1041. Cat. No. 11376V Schedule D (Form 1041) 2025 Created 1/28/25

Schedule D (Form 1041) 2025 Page 2 Part III Summary of Parts I and II (1) Beneficiaries’ (2) Estate’s

(3) Total

Caution: Read the instructions before completing this part. (see instr.) or trust’s

17 Net short-term gain or (loss) . . . . . . . . . . . . 17 18 Net long-term gain or (loss): a Total for year . . . . . . . . . . . . . . . . . 18a b Unrecaptured section 1250 gain (see line 18 of the worksheet) . . 18b c 28% rate gain . . . . . . . . . . . . . . . . . 18c 19 Total net gain or (loss). Combine lines 17 and 18a . . . . . 19 Note: If line 19, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Schedule A (Form 990-T), Part I, line 4a). If lines 18a and 19, column (2), are net gains, go to Part V, and don’t complete Part IV. If line 19, column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet , as necessary.

Part IV Capital Loss Limitation 20 Enter here and enter as a (loss) on Form 1041, line 4 (or Schedule A (Form 990-T), Part I, line 4c, if a trust), the smaller of: a The loss on line 19, column (3); or b $3,000 . . . . . . . . . . . . . . . . . . . 20 ( ) Note: If the loss on line 19, column (3), is more than $3,000, or if Form 1041, page 1, line 23 (or Form 990-T, Part I, line 11), is a loss, complete the Capital Loss Carryover Worksheet in the instructions to figure your capital loss carryover.

Part V Tax Computation Using Maximum Capital Gains Rates Form 1041 filers. Complete this part only if both lines 18a and 19 in column (2) are gains, or an amount is entered in Part I or Part II and there is an entry on Form 1041, line 2b(2), and Form 1041, line 23, is more than zero. Caution: Skip this part and complete the Schedule D Tax Worksheet in the instructions if:

• Either line 18b, column (2), or line 18c, column (2), is more than zero ;

• Both Form 1041, line 2b(1), and Form 4952, line 4g, are more than zero; or

• There are amounts on lines 4e and 4g of Form 4952. Form 990-T trusts. Complete this part only if both lines 18a and 19 are gains, or qualified dividends are included in income in Part I of Form 990-T, and Form 990-T, Part I, line 11, is more than zero. Skip this part and complete the Schedule D Tax Worksheet in the

instructions if either line 18b, column (2), or line 18c, column (2), is more than zero.

(1) Beneficiaries’

(2) Estate’s

(3) Total or trust’s

(see instr.)

Schedule D (Form 1041) 2025