Schedule D (565): Capital Gain or Loss (2025)
California · FTB · Used for tax years 2025
California Schedule D (565) reports a partnership’s short-term and long-term capital gains and losses for 2025. It includes property sales, capital gains from installment sales, the partnership’s share of gains and losses from other entities, and capital gain distributions.
What you'll need
To complete the schedule, gather the information requested on the form:
- Name as shown on the return, FEIN, and California Secretary of State (SOS) file number.
- For each property sale: description, date acquired, date sold, sales price, and cost or other basis.
- Form FTB 3805E, line 26 or line 37, if reporting capital gains from installment sales.
- The partnership’s share of net short-term and long-term capital gains or losses, including those from LLCs, partnerships, fiduciaries, and S corporations.
- Capital gain distribution amounts, if any.
Common mistakes
For both the short-term and long-term sections, the form reminds you to see the instructions and use additional sheets if necessary.
Questions people ask
What is the difference between short-term and long-term gains or losses?
Part I covers assets held one year or less. Part II covers assets held more than one year.
How do I calculate the gain or loss for a property sale?
Subtract column (e), cost or other basis, from column (d), sales price. Enter the result in column (f).
Where do I report capital gains from installment sales?
Enter short-term capital gains from installment sales on line 2 and long-term capital gains on line 6. Both lines refer to form FTB 3805E, line 26 or line 37.
Where do the net totals go?
For the short-term total, add lines 1, 2, and 3. Enter the result on line 4 and on Schedule K (565), line 8 or line 11. For the long-term total, add lines 5, 6, 7, and 8. Enter the result on line 9 and on Schedule K (565), line 9 or line 11.
Where do I enter capital gain distributions?
Enter capital gain distributions on line 8 in Part II.