Schedule D (568): Capital Gain or Loss (2025)
California · FTB · Used for tax years 2025
California Schedule D (568) reports an LLC’s short-term and long-term capital gains and losses. It includes property sales, installment sale gains, the LLC’s share of capital gains or losses from other entities, and capital gain distributions, with net totals carried to Schedule
What you'll need
Have the information requested on the form ready:
- Name as shown on the return, California Secretary of State (SOS) file number, and FEIN.
- For each property transaction: property description, acquisition date, sale date, sales price, and cost or other basis. Enter dates as mm/dd/yyyy.
- The LLC’s share of net short-term and long-term capital gains or losses, including those from LLCs, partnerships, fiduciaries, and S corporations.
- Capital gain distributions.
- Form FTB 3805E, line 26 or line 37, for capital gains from installment sales, if applicable.
Common mistakes
Use additional sheets if necessary for the transaction lists in Part I and Part II, as the form reminds you.
Questions people ask
Which part do I use for short-term and long-term transactions?
Use Part I for assets held one year or less. Use Part II for assets held more than one year.
How do I calculate the gain or loss for a transaction?
Subtract column (e), cost or other basis, from column (d), sales price. Enter the result in column (f).
Where do installment-sale capital gains go?
Enter short-term capital gains from installment sales on line 2 and long-term capital gains from installment sales on line 6. Both lines refer to form FTB 3805E, line 26 or line 37.
Where do the net totals go?
For short-term gains and losses, add lines 1, 2, and 3. Enter the total on line 4 and on Schedule K (568), line 8 or line 11.
For long-term gains and losses, add lines 5, 6, 7, and 8. Enter the total on line 9 and on Schedule K (568), line 9 or line 11.