Get 1998 Form 1065 (schedule D). Capital Gains And Losses - Irs

This guide provides users with a comprehensive overview of how to accurately fill out the 1998 Form 1065 (Schedule D) pertaining to capital gains and losses. By following the step-by-step instructions outlined here, users will be able to effectively manage their capital asset reporting online.

Follow the steps to accurately complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. In Section 1, provide the name of the partnership and its employer identification number. Ensure these details match the records.
3. For Part I, list each short-term capital asset sold. In column (a), describe the property; in column (b), enter the date acquired; in column (c), enter the date sold; in column (d), provide the sales price; in column (e), state the cost or other basis; and in column (f), calculate the gain or loss by subtracting column (e) from column (d). Repeat for each transaction.
4. For lines 1-4 in Part I, summarize and combine any amounts for short-term capital gains or losses, entering the result on line 5.
5. Move to Part II to report long-term capital assets sold. Follow similar instructions as in Part I, noting the sale and acquisition dates, sales prices, and costs.
6. Complete lines 6-12 in Part II, ensuring to combine relevant amounts and enter final long-term capital gains or losses.
7. Review the combined totals for both short-term and long-term capital gains or losses ready to transfer these amounts to Form 1065, Schedule K.
8. Once all information is filled in and verified for accuracy, proceed to save changes, download, print, or share the completed form as needed.

Take action now to complete your form online and ensure accurate reporting of your capital gains and losses.