Example #1 - Dividends, Short-Term Losses, Long-Term Gains
Example #2 - Dividends, Short-Term Losses, Long-Term Losses
with
Schedule B, Line 32 and Schedule D, Line 15 Worksheet -- Long-Term Capital Loss Applied against Interest and Dividends
Example #3 - Interest, Dividends, Short-Term Gains, Long-Term Losses
Example #1 - Dividends, Short-Term Losses, Long-Term Gains
- Schedule B - Dividends and Net Short-Term Capital Losses
- Schedule D - Net Long -Term Capital Gains
STCG = Short-term capital gains
STCL = Short-term capital losses
LTCG = Long-term capital gains
LTCL = Long-term capital losses
| Ordinary dividends | $2,300 |
| STCG | $900 |
| STCL | ($5,600) |
| LTCG | $3,700 |
Schedule B
| Part 1. | |
| Line 2, Total ordinary dividends | $2,300 |
| Line 4, Total interest and dividends | $2,300 |
| Line 7, Subtotal interest and dividends | $2,300 |
| Line 9, Subtotal interest and dividends after excess trade/business deduction | $2,300 |
Part 2. | |
| Line 10, STCG | $900 |
| Line 13, STCG subtotal | $900 |
| Line 15, STCG subtotal after excess trade/business deduction | $900 |
| Line 16, STCL | ($5,600) |
| Line 19, Combined STCL and STCG | ($4,700) |
| Line 20, STCL applied against interest and dividends maximum $2,000 | $2,000 |
| Line 21, Available STCL after applying against interest and dividends. See instructions | ($2,700) |
| Line 22, STCL applied against LTCG. See instructions | $2,700 |
| Line 23, STCL available for carryover to 2013; combine Lines 21 and 22 | $0 |
Part 3. | |
| Line 29, Subtotal interest and dividends from Line 9 | $2,300 |
| Line 30, STCL applied against interest and dividends | $2,300 |
| Line 31, Subtotal interest and dividends after applying STCL. See instructions | $300 |
| Line 32, LTCL applied against interest and dividends (from worksheet in inst.) | |
| Line 33, Adjusted interest and dividends after applying LTCL | $300 |
Part 4. | |
| Line 35, Adjusted interest, dividends and capital gains. Add Lines 33 and 34 | $300 |
| Line 37, Adjusted interest and dividends after excess exemptions | $300 |
| Line 38, Taxable interest and dividends; also enter on Form 1, Line 20 or 1-NR/PY, Line 24 | $300 |
| Line 40, Available STCL carryover in 2013. Enter amount from line 23. If line 23 was not completed, enter "0" | $0 |
Schedule D | |
| Line 1, LTCG | $3,700 |
| Line 9, Combined LTCG | $3,700 |
| Line 11, LTCG after applying differences. See instructions | $3,700 |
| Line 13, Subtotal LTCG after removing LTCG from collectibles and pre-1996 installment sales | $3,700 |
| Line 14, Capital losses applied against capital gains. See instructions | $2,700 |
| Line 15, Subtotal LTCG after applying capital losses against capital gains | $1,000 |
| Line 17, Subtotal LTCG after applying capital losses against interest and dividends | $1,000 |
| Line 19, Subtotal LTCG after excess trade/business deduction | $1,000 |
| Line 21, Taxable LTCG. | $1,000 |
| Line 22, Tax on LTCG. Enter here and in Form 1, Line 24 or 1-NR/PY, Line 28 | $53 |
- Schedule B - Dividends and Net Short-Term Capital Losses
- Schedule D - Net Long -Term Capital Losses
STCG = Short-term capital gains
STCL = Short-term capital losses
LTCG = Long-term capital gains
LTCL = Long-term capital losses
| Dividends | $2,600 |
| STCG | $700 |
| STCL | ($1,900) |
| LTCL | ($3,600) |
Schedule B
| Part 1. | |
| Line 2, Total ordinary dividends | $2,600 |
| Line 4, Total interest and dividends | $2,600 |
| Line 7, Subtotal interest and dividends | $2,600 |
| Line 9, Subtotal interest and dividends after excess trade/business deduction | $2,600 |
Part 2. | |
| Line 10, STCG | $700 |
| Line 13, STCG subtotal | $700 |
| Line 15, STCG subtotal after excess trade/business deduction | $700 |
| Line 16, STCL | ($1,900) |
| Line 19, Combined STCL and STCG | ($1,200) |
| Line 20, STCL applied against interest and dividends maximum $2,000 | $1,200 |
| Line 21, Available STCL; after applying against interest and dividends. See instructions | $0 |
| Line 22, STCL applied against LTCG. See instructions | $0 |
| Line 23, STCL available for carryover in 2013; combine Lines 21 and 22 | $0 |
Part 3. | |
| Line 29, Subtotal interest and dividends from Line 9 | $2,600 |
| Line 30, STCL applied against interest and dividends | $1,200 |
| Line 31, Subtotal interest and dividends after applying STCL. See instructions | $1,400 |
| Line 32, LTCL applied against interest and dividends (from worksheet in instr.) | $800 |
| Line 33, Adjusted interest and dividends after applying LTCL | $600 |
Part 4. | |
| Line 35, Adjusted interest, dividends and capital gains. Add Lines 33 and 34 | $600 |
| Line 37, Adjusted interest and dividends after excess exemptions | $600 |
| Line 38, Taxable interest and dividends; also enter on Form 1, Line 20 or 1-NR/PY, Line 24 | $600 |
| Line 40, Available STCL for carryover in 2013. Enter amount from Line 23. | $0 |
Schedule D | |
| Line 1, LTCL | ($3,600) |
| Line 9, Combined LTCL | ($3,600) |
| Line 11, LTCL after applying differences. See instructions | ($3,600) |
| Line 13, Subtotal LTCL after removing LTCG from collectibles and pre-1996 installment sales | ($3,600) |
| Line 15, Subtotal LTCL after applying capital losses against capital gains | ($3,600) |
| Line 16, LTCL applied against interest and dividends (from worksheet in instructions) | $800 |
| Line 17, Subtotal LTCL after applying against interest and dividends | ($2,800) |
| Line 23, Available losses for carryover | ($2,800) |
Example #3 - Interest, Dividends, Short-Term Gains, Long-Term Losses
- Schedule B - Interest, Dividends and Net Short-Term Capital Gains
- Schedule D- Net Long -Term Capital Losses
STCG = Short-term capital gains
STCL = Short-term capital losses
LTCG = Long-term capital gains
LTCL = Long-term capital losses
| Interest income | $400 |
| Dividend income | $600 |
| STCG | $1,200 |
| LTCL | ($700) |
Schedule B
| Part 1. | |
| Line 1, Total interest income | $400 |
| Line 2, Total ordinary dividends | $600 |
| Line 4, Total interest and dividends | $1,000 |
| Line 7, Subtotal interest and dividends | $1,000 |
| Line 9, Subtotal interest and dividends after excess trade/business deduction | $1,000 |
Part 2. | |
| Line 10, STCG | $1,200 |
| Line 13, STCG subtotal | $1,200 |
| Line 15, STCG subtotal after excess trade/business deduction | $1,200 |
| Line 19, Combined STCL and STCG | $1,200 |
| Line 24, STCG and LTCG on collectibles | $1,200 |
| Line 25, LTCL applied against STCG | ($700) |
| Line 26, STCG subtotal after applying LTCL | $500 |
| Line 28, STCG after LTCG deduction | $500 |
Part 3. | |
| Line 29, Subtotal interest and dividends from Line 9 | $1,000 |
| Line 30, STCL applied against interest and dividends | $0 |
| Line 31, Subtotal interest and dividends after applying STCL. See instructions | $1,000 |
| Line 32, LTCL applied against interest and dividends (from worksheet in instructions) | $0 |
| Line 33, Adjusted interest and dividends after applying LTCL | $1,000 |
| Line 34, Enter the amount from line 28 | $500 |
Part 4. | |
| Line 35, Adjusted interest, dividends and capital gains. Add lines 33 and 34 | $1,500 |
| Line 37, Adjusted interest and dividends after excess exemptions | $1,500 |
| Line 38, Taxable interest and dividends; also enter on Form 1, Line 20 or 1-NR/PY, Line 24 | $1,000 |
| Line 39, Taxable 12% capital gains. Subtract line 38 from line 37. Enter amount here and on Form 1, Line 23a or Form 1-NR/PY, line 27a | $500 |
Schedule D | |
| Line 1, LTCL | ($700) |
| Line 9, Combined LTCL | ($700) |
| Line 11, LTCL after applying differences. See instructions | ($700) |
| Line 13, Subtotal LTCL after removing LTCG from collectibles and pre-1996 installment sales | ($700) |
| Line 14, Capital losses applied against capital gains. See instructions | $700 |
| Line 15, Subtotal LTCG after applying capital losses against capital gains | $0 |