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June 1, 2019
Question

Schedule D. When is it not required? I have capital loss carryover. Third party designee number?

  • June 1, 2019
  • 1 reply
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When is Schedule D not required?

1 reply

rjs
Employee
June 1, 2019

The IRS instructions for Schedule D list the following reasons that Schedule D is required.

  • 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 Schedule 1 (Form
    1040), line 13 (or effectively connected capital gain distributions not reported directly
    on Form 1040NR, line 14); and
  • To report a capital loss carryover from 2017 to 2018.

Schedule D is not required if none of the listed reasons apply. It is not required if your only capital gains are capital gain distributions reported in box 2a of Form 1099-DIV (unless one of the reasons listed above also applies). Note that Schedule D is required if you have a capital loss carryover (the last bullet in the list above).

Schedule D has nothing to do with a third-party designee. A third-party designee is entered on Schedule 6.

July 16, 2020

How do I figure capital loss carry over amount as Turbo tax didn't generate reschedule D for me in 2018.

February 28, 2022

I have no capital gains or losses for 2021, but there is a carryover from 2020. How do I claim it in Turbotax?