Schedule D (Form 41 Only): Schedule D – Profit or Loss from Sales of Assets (2024)

Who files this form

Schedule D is for estates and trusts reporting profit or loss from sales of assets with Alabama Form 41. The schedule is labeled for Form 41 only and must be attached to that form.

What you'll need

Have the following information ready:

• The estate or trust's name and Federal Employer Identification Number.
• Each property's kind and description, date acquired, and date sold.
• Each property's gross sale price and cost or other basis, plus expenses of sale.
• Any capital gains or losses from Forms 4684, 6252, 6781, 8824, and 2439, and gain from Form 4797.
• Any gains or losses from partnerships, S-corporations, estates, and trusts, plus capital gain distributions.
• Any exemption of gain under section 40-18-8.1 for a tech company.

How to file

Attach Schedule D to Form 41. The form also directs you to see the instructions for Schedule D.

Common mistakes

• Do not leave Schedule D unattached. The printed reminder says to attach it to Form 41.
• Do not overlook the direction to see the Schedule D instructions.

Questions people ask

How do I calculate the gain or loss for each sale?

Subtract column (e), cost or other basis plus expenses of sale, from column (d), gross sale price. Enter the result in column (f).

Where do I report totals from additional pages?

Enter the sum of column F from additional pages on Schedule D, page 1, line 3.

How do I calculate the total capital gain or loss?

Combine lines 2 through 8 and enter the subtotal on line 9. Subtract the exemption on line 10 from line 9 and enter the result on line 11.

Where does the line 11 total go on Form 41?

Enter it on Form 41, page 3, Schedule C, column C, line 3, or Schedule G, column A, line 3.

Official sources

• https://www.revenue.alabama.gov/wp-content/uploads/2025/01/24f41schd.pdf