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-schedule-d-form-1120-s