Schedule D-1- Short- and Long-Term Continuation Sheets General Information

We enter information from the Capital Gains and Losses Worksheet on Schedule D-1. As you enter your sales of assets on the Capital Gains and Losses Worksheet, we'll automatically determine which sales are long-term and which are short-term. The first 5 transactions of each kind are carried to the correct line of Schedule D; the rest are recorded on Schedule D-1. Then, the subtotals from the worksheets are carried to the correct lines of Schedule D.