Schedule D AICPA Draft 1 Form 1041 NR

Schedule D AICPA Draft #1 (Form 1041 NR) Department of the Treasury Internal Revenue Service OMB No. 1545 -0092 Capital Gains and Losses ► Attach to Form 1041 NR. See the separate instructions for Form 1041 NR. Name of estate or trust 2007 Employer identification number Part I Short-Term Capital Gains and Losses – Assets Held One Year or Less (b) (c) (d) (a) 1 a Description of property (Example: 100 shares Sales price Date acquired Date sold 7% preferred of ‘Z’ Co) (mo, day, yr) (e) Cost or other basis (See instructions) (f) Gain or (Loss) for the entire year Subtract (e) from (d ) b Enter your short-term gain or loss, if any, from Schedule D-1, Line 1 b ………………. . 1 b 2 Short-term capital gain or (loss) from Forms 4684, 6252, 6781, and 8824……………. 2 3 Net short-term gain or (loss) from partnerships, S corporations, and other estates or trusts………. . 3 4 5 Foreign Currency Exchange capital gain or (loss) from Page 4, Form 1041 NR………… ………. 4 Short-term capital loss carryover. Enter the amount, if any, from Line 9 of the 2006 Capital Loss Carryover Worksheet………………………………………… 5 6 Net short-term gain or (loss). Combine Lines 1 a through 5 in Column (f). Enter here and on 6 Line 15, Column (3) on Page 2…………………………………►. Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year (a) (b) (c) (d) (e) 7 a Description of property Cost or Date sold Sales price Date acquired other basis (Example: 100 shares (mo, day, yr) 7% preferred of ‘Z’ Co) (See instructions) (f) Gain or (Loss) for the entire year Subtract (e) from (d ) b Enter your short-term gain or loss, if any, from Schedule D-1, Line 7 b ………………. 7 b 8 Long-term capital gain or (loss from Forms 2439, 4684, 6252, 6781, and 8824……………. 8 9 Net long-term gain or (loss) from partnerships, S corporations, and other estates or trusts…………… 9 10 Capital gain distributions………………………………………. 10 11 Gain from Form 4797, Part I……………………………………. . 11 12 Long-term capital loss carryover. Enter the amount, if any, from Line 14 of the 2006 Capital Loss Carryover Worksheet…………………………………………. . 12 13 13 Foreign Currency Exchange capital gain or (loss) from Page 4, Form 1041 NR ………………………… 14 Net long-term gain or (loss). Combine Lines 7 a through 13 in Column (f). Enter here and on Line 16 a, Column (3) on Page 2……………………………………► 14 …. BAA For Paperwork Reduction Act Notice, see the instructions for Form 1041 NR. Schedule D (Form 1041 NR) 2007 FIFA 1512 L 08/08/07

Schedule D (Form 1041 NR) Department of the Treasury Internal Revenue Service Continuation Sheet for Schedule D (Form 1041 NR) Name of estate or trust Part I 1 a OMB No. 1545 -0092 ► See Instructions for Schedule D (Form 1041 NR) ► Attach to Schedule D to list additional transactions for Lines 1 a and 7 a. 2007 Employer identification number Short-Term Capital Gains and Losses – Assets Held One Year or Less (a) (b) (c) (d) (e) Description of property Cost or Date acquired Date sold other basis Sales price (Example: 100 shares (mo, day, yr) (See instructions) 7% preferred of ‘Z’ Co) (f) Gain or (Loss) Subtract (e) from (d ) 1 b Total. Combine the amounts in Column (f). Enter here and on Schedule D, Line 1 b…………………. . . FIFA 1512 L 08/08/07 Schedule D (Form 1041 NR) 2007 BAA For Paperwork Reduction Act Notice, see the instructions for Form 1041 NR.

Schedule D (Form 1041 NR) 2007 Part III Summary of Parts I and III Caution: Read the instructions before completing this part. 15 Net short-term gain or (loss)……………. . 16 Net long-term gain or (loss) a Total for year…………………. b Unrecaptured Section 1250 gain…………………. (See Line 18 of the worksheet in the instructions. ) c 28% rate gain or (loss)………………. (1) Beneficiaries’ (See Instructions) (2) Estate’s or Trust’s (3) Total 15 16 a 16 b 16 c 17 Total net gain or (loss). Combine Lines 13 and 14 a. ► ► 17 Note: If Line 17, Column (3), is a net gain, enter the gain on Form 1041 NR, Line 4. If Lines 16 a and 17, Column (2), are net gains, go to Part V, and do not complete Part IV. If Line 17, Column (3), is a net loss, complete Part IV and the Capital Loss Carryover Worksheet, as necessary. Part IV Capital Loss Limitation 18 Enter here and enter as a (loss) on Form 1041 NR, Line 4, the smaller of: a The loss on Line 17, Column (3) or b $3, 000…………………. ……… 18 If the loss on Line 17, Column (3), is more than $3, 000, or if Form 1041 NR, Page 1, Line 22, is a loss, complete the Capital Loss Carryover Worksheet in the instructions to figure your capital loss carryover. Tax Computation Using Maximum Capital Gain Rates Part V Complete this part only if both Lines 16 and 17 in Column (2) are gains, or an amount is entered in Part I or Part II and there is an entry on Form 1041 NR, Line 2 b(2), and Form 1041 NR, Line 22, is more than zero. If Line 16 b, Column(2) or Line 16 c, Column (2) is more than zero, complete the worksheet in the instructions and skip Part V. Otherwise, go to Line 19. 19 Enter taxable income from Form 1041 NR, Line 22……………. . 19 20 Enter the smaller of Line 16 a or 17 in Column (2) but not less than zero………………. . 20 21 Enter the estate’s or trust’s qualified dividends from Form 1041 NR Line 2 b(2)…………. 21 22 Add Lines 20 and 21………………. . 22 23 If the estate or trust is filing form 4952, enter the 23 amount from Line 4 g; otherwise enter 0…………. . 24 Subtract Line 23 from Line 22. If zero or less, enter 0…………………. . 24 25 Subtract Line 24 from Line 19. If zero or less, enter 0…………. 25 26 Enter the smaller of the amount of Line 19 or $2, 150…………. 26 27 Is the amount on line 25 equal to more than the amount on Line 26? . . Yes. Skip Lines 27 through 29; go to Line 30 and check the ‘No’ box. No. Enter the amount from Line 25………………… 27 28 Subtract Line 27 from Line 26………………………. . 28 29 Multiply Line 28 by 5% (. 05)…………………………………… 29 30 Are the amounts on Lines 24 and 28 the same? Yes. Skip Lines 30 -33; go to Line 34. No. Enter the smaller of Line 19 or Line 24…. . 30 31 Enter the amount from Line 28. (If Line 28 is blank, enter 0. )……………. . 31 32 Subtract Line 31 from Line 30……………………… 32 33 Multiply Line 32 by 15% (. 15)……………………………………. 33 34 Figure the tax on the amount on Line 25. Use the 2007 Tax Rate Schedule in the instructions……. 34 35 Add Lines 29, 33 and 34………………………………………. . 35 36 Figure the tax on the amount on Line 19. Use the 2007 Tax Rate Schedule in the instructions……. 36 37 Tax on all taxable income. Enter the smaller of Line 35 or Line 36 here and on Line 2 a of Schedule C, Form 1041 NR…………………………………… 37 BAA For Paperwork Reduction Act Notice, see the instructions for Form 1041 NR. FIFA 1512 L 08/08/07 Schedule D (Form 1041 NR) 2007

Schedule D-1 (Form 1041 NR) 2007 Name of estate or trust as shown on Form 1041 NR. Do not enter name and employer identification number if shown on the other side. Page 2 Employer identification number Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year (a) (b) (c) (d) (e) 7 a Description of property Cost or Date acquired Date sold other basis Sales price (Example: 100 shares (mo, day, yr) (See instructions) 7% preferred of ‘Z’ Co) (f) Gain or (Loss) Subtract (e) from (d ) 7 b Total. Combine the amounts in Column (f). Enter here and on Schedule D, Line 7 b…………. FIFA 1512 L 08/08/07 Schedule D-1 (Form 1041 NR) 2007 BAA For Paperwork Reduction Act Notice, see the instructions for Form 1041 NR.