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California S Corporation Capital Gains and Losses and Built-In Gains
Extracted from PDF file 2023-california-form-100-s-schedule-d.pdf, last modified July 2023S Corporation Capital Gains and Losses and Built-In Gains
TAXABLE YEAR 2023 S Corporation Capital Gains and Losses and Built-In Gains CALIFORNIA SCHEDULE D (100S) Attach to Form 100S. Corporation name California corporation number SECTION A – 8.84% Tax on Built-In Gains Part I Short-Term Capital Gains and Losses – Assets Held One Year or Less. Use additional sheets if necessary. (a) Description of property (Example: 100 shares 7% preferred of “Z” Co.) (b) Date acquired (mm/dd/yyyy) (c) Date sold (mm/dd/yyyy) (d) Gross sales price (e) Cost or other basis plus expense of sale (f) Gain (loss) col. (d) less col. (e) 1 2 Short-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824. See instructions . . . . . . . . . . . . . . 3 a Net short-term capital gain (loss). Combine line 1, column (f) and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Tax on short-term capital gain(s) included on line 12 below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Subtract line 3b from line 3a. Enter here and on Form 100S, Schedule K, column (d), line 7 or line 10b . . . . . . . . . . . . . . . . Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year. Use additional sheets if necessary. 4 (a) Description of property (Example: 100 shares 7% preferred of “Z” Co.) (b) Date acquired (mm/dd/yyyy) (c) Date sold (mm/dd/yyyy) (d) Gross sales price 00 00 00 00 2 3a 3b 3c (f) Gain (loss) col. (d) less col. (e) (e) Cost or other basis plus expense of sale 5 Long-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824. See instructions . . . . . . . . . . . . . . 6 a Net long-term capital gain (loss). Combine line 4, column (f) and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Tax on long-term capital gain(s) included on line 12 below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Subtract line 6b from line 6a. Enter here and on Form 100S, Schedule K, column (d), line 8 or line 10b . . . . . . . . . . . . . . . . Part III Tax on Built-In Gains. See instructions before completing this part. 5 6a 6b 6c 00 00 00 00 7 8 9 10 11 12 Excess of recognized built-in gains over recognized built-in losses attributable to California. Attach computation schedule . . Taxable income. Get the instructions for federal Schedule D (Form 1120-S). Use California amounts . . . . . . . . . . . . . . . . . Enter the smaller of line 7, line 8, or computed amount. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net operating loss (NOL) carryover deduction from years the corporation was a C corporation. See instructions . . . . . . . . Subtract line 10 from line 9. If zero or less, enter -0- here and on line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tax on built-in gains. Multiply line 11 by 8.84% (financial S corps. must use 10.84%). Enter here and on Form 100S, Side 2, line 27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part IV Net Capital Gains (Losses) 7 8 9 10 11 00 00 00 00 00 12 00 13 Combine amounts on Part I, line 3a and Part II, line 6a. Enter here and on Form 100S, Side 1, line 4 SECTION B – 1.5% Tax on Capital Gains Part I Short-Term Capital Gains and Losses – Assets Held One Year or Less. Use additional sheets if necessary. 13 00 (a) Description of property (Example: 100 shares 7% preferred of “Z” Co.) (b) Date acquired (mm/dd/yyyy) (c) Date sold (mm/dd/yyyy) (d) Gross sales price (e) Cost or other basis plus expense of sale (f) Gain (loss) col. (d) less col. (e) 1 2 a Short-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824 . . . . . . . . . . . . . . . . . . . . . . . . . b Combine line 1, column (f) and line 2a. Enter here and on Form 100S, Schedule K, column (d), line 7 or line 10b . . . . . . . . c Unused capital loss carryover from 2022 attributable to the S corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Net short-term capital gain (loss). Combine line 2b and line 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year. Use additional sheets if necessary. 4 (a) Description of property (Example: 100 shares 7% preferred of “Z” Co.) (b) Date acquired (mm/dd/yyyy) (c) Date sold (mm/dd/yyyy) (d) Gross sales price 7751233 (f) Gain (loss) col. (d) less col. (e) (e) Cost or other basis plus expense of sale 5 Enter gain from Schedule D-1, line 9 and/or any capital gain distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Long-term capital gain from form FTB 3805E, line 26 or line 37 and federal Form 8824 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Net long-term capital gain (loss). Combine line 4, column (f) through line 6. Enter here and on Form 100S, Schedule K, column (d), line 8 or line 10b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Enter excess of net short-term capital gain Section B, Part I, line 3 over net long-term capital loss Section B, Part II, line 7. . 9 Net capital gain. Enter excess of net long-term capital gain (line 7) over net short-term capital loss (line 3) . . . . . . . . . . . . 10 Total line 8 and line 9. If line 10 is a gain, enter here and on Form 100S, Side 1, line 4. If line 10 is a loss, carry forward losses to taxable year 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 00 00 00 00 2a 2b 2c 3 5 6 00 00 7 8 9 00 00 00 10 00 Schedule D (100S) 2023
2023 Schedule D (100S) S Corporation Capital Gains and Losses and Built-In Gains
More about the California Form 100-S Schedule D Corporate Income Tax TY 2023
We last updated the S Corporation Capital Gains and Losses and Built-In Gains in January 2024, so this is the latest version of Form 100-S Schedule D, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 100-S Schedule D directly from TaxFormFinder. You can print other California tax forms here.
Related California Corporate Income Tax Forms:
TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the California Form 100-S Schedule D.
| Form Code | Form Name |
|---|---|
| Form 100-S Schedule K-1 | Shareholder's Share of Income, Deductions, Credits, etc |
| Form 100-S | California S Corporation Franchise or Income Tax Return |
| Form 100 Schedule P | Alternate Minimum Tax and Credit Limitations - Corporations |
| Form 100 Schedule R | Apportionment and Allocation of Income |
| Form 100-S Schedule B | S Corporation Depreciation and Amortization |
| Form 100-S Schedule H | S Corporation Dividend Income Deduction |
| Form 100 Schedule H | Dividend Income Deduction |
| Form 100-S Schedule C | S Corporation Tax Credits |
| Form 100-S Schedule QS | Qualified Subchapter S Subsidiary (QSub) Information |
View all 175 California Income Tax Forms
Form Sources:
California usually releases forms for the current tax year between January and April. We last updated California Form 100-S Schedule D from the Franchise Tax Board in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of California Form 100-S Schedule D
We have a total of nine past-year versions of Form 100-S Schedule D in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 100-S Schedule D
2023 Schedule D (100S) S Corporation Capital Gains and Losses and Built-In Gains
2022 Form 100-S Schedule D
2022 California Schedule D (100S) S Corporation Capital Gains and Losses and Built-In Gains
2021 Form 100-S Schedule D
2021 Schedule D (100S) S Corporation Capital Gains and Losses and Built-In Gains
2020 Form 100-S Schedule D
2020 Schedule D (100S) S Corporation Capital Gains and Losses and Built-In Gains
2019 Form 100-S Schedule D
2019 Schedule D (100S) S Corporation Capital Gains and Losses and Built-In Gains
2018 Form 100-S Schedule D
2018 Schedule D (100S) - S Corporation Capital Gains and Losses and Built-In Gains
2017 Form 100-S Schedule D
2017 Schedule D (100S) - S Corporation Capital Gains and Losses and Built-In Gains
2016 Form 100-S Schedule D
2016 Schedule D (100S) - S Corp Capital Gains and Losses and Built-In Gains
2015 Form 100-S Schedule D
2015 Schedule D (100S) -- S Corp Capital Gains and Losses and Built-in Gains
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