schedule-d

What problem does it solve?

This Skill automates the generation of a compliant Schedule D draft (Form 1040) by consolidating Form 8949 totals, carryovers, and capital gain distributions, enabling accurate capital gains tax reporting.

Core Features & Use Cases

• Aggregates Form 8949 line items (short-term and long-term) with Box A-F adjustments, 1099-DIV distributions, K-1 carryovers, and prior-year losses to produce Schedule D Lines 7, 15, and 16.
• Correctly routes to the appropriate tax rate worksheets (0/15/20% LTCG, 28% collectibles, 25% §1250 unrecaptured), and calculates NIIT when MAGI thresholds are exceeded.
• Generates downstream deliverables (Form 1040, Schedule D, Form 8960 if needed, and carryover worksheets) for review and filing.

Quick Start

Review the draft Schedule D by loading your Form 8949 totals and carryovers into the skill and prompting it to compute the Schedule D output.