Publication 523: Selling Your Home;

This is archived information that pertains only to the 2004 Tax Year. If you
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SCHEDULE D (Form 1040) Capital Gains and Losses 2003. Summary: This is an example of Schedule D (Form 1040) 2003 as pertains to the example in the text. The line items completed are:

Under “Part II: Long-Term Capital Gains and Losses--Assets Held More Than One Year”:

“8a. Description of property (Example: 100 shares XYZ Company)” field contains main home

“8b. Date acquired (month, day, year)” field contains 3/5/62

“8c. Date sold (month, day, year)” field contains 2/5/03

“8d. Sales price (see page D-5 of the instructions)” field contains 695,000

“8e. Cost or other basis (see page D-5 of the instructions)” field contains 42,250

“8f. Gain or (loss) Subtract (e) from (d)” field contains 652,750

“8a. Description of property (Example: 100 shares X.Y.Z. Company)” field contains section 121 exclusion

“8f. Gain or (loss) Subtract (e) from (d)” field contains negative 500,000

“10. Total long-term sales price amounts. Add lines 8 and 9 in column (d)” field contains 695,000

“16. Net long-term capital gain or (loss). Combine lines 8 through 14 in column (f)” field contains 152,750