Sch D (1120S) - Capital Gains and Losses and Built-In Gains

What is the form used for? :

Corporations that elect to be S corporations use Schedule D (Form 1120-S) to report:

• Capital gains and losses.
• Sales or exchanges of capital assets.
• Gains on distributions to shareholders of appreciated capital assets.

Is the form Supported in our program? Yes

How to access the form: To access the form you will need to open a 1120S return on the desktop and then go to Add Form/Display then in the look for box type Sch D.

Limits to the form: This form can only be accessed from the desktop software. This form cannot be copied.

IRS Publication: https://www.irs.gov/forms-pubs/about-form-1120-s