Schedule D

Schedule D is a form used by taxpayers in the United States to report capital gains and losses from the sale of assets, such as stocks or real estate. It helps the IRS determine how much profit or loss you made from these transactions during the year. By filling out Schedule D, you can calculate your overall gains or losses and apply them to your income tax return, which affects how much tax you owe or how much of a refund you may receive. It's an essential part of accurately reporting your financial activities related to investments.