What is Schedule D?
Schedule D is the IRS tax form used to report capital gains and losses from the sale or exchange of capital assets, including stocks, bonds, real estate, and cryptocurrency. Taxpayers complete Schedule D by transferring totals from Form 8949 and separating transactions into short-term (held for one year or less) and long-term (held for more than one year) categories. Long-term gains qualify for reduced rates of 0%, 15%, or 20%. Net losses can offset up to $3,000 of ordinary income annually, with remaining losses carried forward. Tax loss harvesting helps manage Schedule D outcomes strategically.
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