541 Schedule D: Capital Gain or Loss (2025)
California · FTB · Used for tax years 2025
California Schedule D (541) reports capital gains and losses and attaches to Form 541 or Form 109. It includes property sales, installment sale gains, gains or losses from other entities, capital gain distributions, and capital loss carryovers, and calculates the capital loss lim
Who files this form
Schedule D (541) reports capital gains and losses with Form 541 or Form 109. The 2025 schedule must be attached to the return.
What you'll need
Have the name shown on the tax return and the FEIN ready. For each property sale, you will need:
- A description of the property.
- The dates acquired and sold, in mm/dd/yyyy format.
- The gross sales price.
- The adjusted cost or other basis, plus selling expenses.
Depending on what you report, you may also need:
- Form FTB 3805E, line 26 or line 37, for capital gains from installment sales.
- Your share of net gains or losses from S corporations, fiduciaries, partnerships, and LLCs.
- Capital gain distribution amounts.
- California Schedule D-1 for any applicable gain.
- Your capital loss carryover amount from 2024.
How to file
Attach Schedule D (541) to Form 541 or Form 109.
If line 9, column (c), shows a net gain, enter it on Form 541, line 4, or Form 109, Side 2, Part I, line 4a. If it shows a net loss, complete Part III. Enter the loss from line 10 on Form 541, line 4, or Form 109, Side 2, Part I, line 4c.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Do not carry a decedent’s capital loss over to an estate. The reminder on line 7 states that no capital loss carryover is allowed from a decedent to an estate.
Questions people ask
How do I calculate the gain or loss on a property sale?
Subtract column (e), adjusted cost or other basis plus selling expenses, from column (d), gross sales price. Enter the result in column (f).
Where do I report capital gains from installment sales?
Enter the capital gain from Form FTB 3805E, line 26 or line 37, on Schedule D (541), line 2.
Where do I enter a capital loss carryover from 2024?
Enter it on line 7 of the 2025 schedule. A decedent’s capital loss cannot carry over to an estate.
What loss amount goes on line 10?
Enter the smaller of the net loss on line 9, column (c), or $3,000. Report that amount as a loss on Form 541, line 4, or Form 109, Side 2, Part I, line 4c.