Tax Form 1041sd Fill in and Calculate Online

Form 1041sd: Capital Gains and Losses

Use Tax Form 1041sd: Capital Gains and Losses as a stand alone tax form calculator to quickly calculate specific amounts for your 2025 tax return. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Capital Gains and Losses
Part I Short-Term Capital Gains and Losses—Assets Held One Year or Less
See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars.		(d) Proceeds (sales price)	(e) Cost (or other basis)		(g) Adjustments to gain or loss from Form(s) 8949, Part I, line 2, column (g)	(h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g)
1a	Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b
1b	Totals for all transactions reported on Form(s) 8949 with Box A checked
2	Totals for all transactions reported on Form(s) 8949 with Box B checked
3	Totals for all transactions reported on Form(s) 8949 with Box C checked
4	Short-term capital gain or (loss) from Forms 4684, 6252, 6781, and 8824					4
5	Net short-term gain or (loss) from partnerships, S corporations, and other estates or trusts					5
6	Short-term capital loss carryover. Enter the amount, if any, from line 9 of the 2024 Capital Loss Carryover Worksheet					6
7	Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). Enter here and on line 17, column (3) on the back					7
Part II Long-Term Capital Gains and Losses—Assets Held More Than One Year
See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars.		(d) Proceeds (sales price)	(e) Cost (or other basis)		(g) Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g)	(h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g)
8a	Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b
8b	Totals for all transactions reported on Form(s) 8949 with Box D checked
9	Totals for all transactions reported on Form(s) 8949 with Box E checked
10	Totals for all transactions reported on Form(s) 8949 with Box F checked
11	Long-term capital gain or (loss) from Forms 2439, 4684, 6252, 6781, and 8824					11
12	Net long-term gain or (loss) from partnerships, S corporations, and other estates or trusts					12
13	Capital gain distributions					13
14	Gain from Form 4797, Part I					14
15	Long-term capital loss carryover. Enter the amount, if any, from line 14 of the 2024 Capital Loss Carryover Worksheet					15
16	Net long-term capital gain or (loss). Combine lines 8a through 15 in column (h). Enter here and on line 18a, column (3) on the back					16
Part III Summary of Parts I and II Caution: Read the instructions before completing this part.				(1) Beneficiaries’ (see instr.)	(2) Estate’s or trust’s	(3) Total
17	Net short-term gain or (loss)		17
18	Net long-term gain or (loss):
a	Total for year		18a
b	Unrecaptured section 1250 gain (see line 18 of the wrksht.)		18b
c	28% rate gain		18c
19	Total net gain or (loss). Combine lines 17 and 18a		19
Note: If line 19, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Form 990-T, Part I, line 4a). If lines 18a and 19, column (2), are net gains, go to Part V, and don't complete Part IV. If line 19, column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet, as necessary.
Part IV Capital Loss Limitation
20	Enter here and enter as a (loss) on Form 1041, line 4 (or Form 990-T, Part I, line 4c, if a trust), the smaller of:
a	The loss on line 19, column (3) or b $3000					20
Note: If the loss on line 19, column (3), is more than $3000, or if Form 1041, page 1, line 22 (or Form 990-T, line 34), is a loss, complete the Capital Loss Carryover Worksheet in the instructions to figure your capital loss carryover.
Part V Tax Computation Using Maximum Capital Gains Rates
Form 1041 filers. Complete this part only if both lines 18a and 19 in column (2) are gains, or an amount is entered in Part I or Part II and there is an entry on Form 1041, line 2b(2), and Form 1041, line 22, is more than zero. Caution: Skip this part and complete the Schedule D Tax Worksheet in the instructions if: bull; Either line 18b, col. (2) or line 18c, col. (2) is more than zero, or bull; Both Form 1041, line 2b(1), and Form 4952, line 4g are more than zero. Form 990-T trusts. Complete this part only if both lines 18a and 19 are gains, or qualified dividends are included in income in Part I of Form 990-T, and Form 990-T, line 34, is more than zero. Skip this part and complete the Schedule D Tax Worksheet in the instructions if either line 18b, col. (2) or line 18c, col. (2) is more than zero.
21	Enter taxable income from Form 1041, line 22 (or Form 990-T, line 34)				21
22	Enter the smaller of line 18a or 19 in column (2) but not less than zero		22
23	Enter the estate’s or trust’s qualified dividends from Form 1041, line 2b(2) (or enter the qualified dividends included in income in Part I of Form 990-T)		23
24	Add lines 22 and 23		24
25	If the estate or trust is filing Form 4952, enter the amount from line 4g; otherwise, enter -0-		25
26	Subtract line 25 from line 24. If zero or less, enter -0-				26
27	Subtract line 26 from line 21. If zero or less, enter -0-				27
28	Enter the smaller of the amount on line 21 or $2550				28
29	Enter the smaller of the amount on line 27 or line 28				29
30	Subtract line 29 from line 28. If zero or less, enter -0-. This amount is taxed at 0% ▸					30
31	Enter the smaller of line 21 or line 26				31
32	Subtract line 30 from line 26				32
33	Enter the smaller of line 21 or $12400				33
34	Add lines 27 and 30				34
35	Subtract line 34 from line 33. If zero or less, enter -0-				35
36	Enter the smaller of line 32 or line 35				36
37	Multiply line 36 by 15% (0.15) ▸					37
38	Enter the amount from line 31				38
39	Add lines 30 and 36				39
40	Subtract line 39 from line 38. If zero or less, enter -0-				40
41	Multiply line 40 by 20% (0.2) ▸					41
42	Figure the tax on the amount on line 27. Use the 2025 Tax Rate Schedule for Estates and Trusts (see the Schedule G instructions in the instructions for Form 1041)				42
43	Add lines 37, 41, and 42				43
44	Figure the tax on the amount on line 21. Use the 2025 Tax Rate Schedule for Estates and Trusts (see the Schedule G instructions in the instructions for Form 1041)				44
45	Tax on all taxable income. Enter the smaller of line 43 or line 44 here and on Form 1041, Schedule G, line 1a (or Form 990-T, line 36) ▸					45

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