Schedule D (Form 41 Only): Schedule D – Profit or Loss from Sales of Assets (2025)
Alabama · Alabama DOR · Used for tax years 2025
Alabama Schedule D (Form 41) reports an estate or trust’s profit or loss from sales of assets. It lists property sales, combines gains and losses from other listed sources, and calculates the total capital gain or loss to enter on Form 41.
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.
What you'll need
Have the following information ready to complete the schedule:
- The estate or trust’s name and federal employer identification number.
- Each property’s kind and description, acquisition date, and sale date.
- Gross sale price and cost or other basis, plus expenses of sale.
- Capital gains or losses from Forms 4684, 6252, 6781, 8824, and 2439, if applicable.
- Gains or losses from partnerships, S corporations, estates, and trusts, if applicable.
- Capital gain distributions and gain from Form 4797, if applicable.
- Any exemption of gain under section 40-18-8.1 for a tech company, reported on line 10.
How to file
Attach Schedule D to Form 41. The form also directs you to the Schedule D instructions.
Enter the total from line 11 on Form 41, page 3, Schedule C, Column C, line 3, or Schedule G, Column A, line 3.
Common mistakes
Remember to attach Schedule D to Form 41. The printed reminder also says to see the instructions for Schedule D.
Questions people ask
How do I calculate 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. Line 2 is the total of Column F items reported on the first page.
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 to get the total 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.