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2012 Instructions for Schedule D (Form 1065) Department of the Treasury Internal Revenue Service Capital Gains and Losses Section references are to the Internal Revenue Code unless otherwise noted.
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Instructions for Schedule D provide guidance on reporting capital gains and losses from the sale of assets.
Taxpayers who have capital gains or losses from the sale of assets are required to file Instructions for Schedule D.
Taxpayers must report their capital gains and losses on the appropriate sections of Schedule D and follow the instructions provided.
The purpose of Instructions for Schedule D is to help taxpayers correctly report their capital gains and losses to the IRS.
Taxpayers must report details of each asset sold, the purchase price, sale price, and resulting gain or loss.
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