Transcription of 2017 Instructions for Schedule D (Form 1120)
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Userid: CPMS chema: instrxLeadpct: 100%Pt. size: Draft Ok to PrintAH XSL/XMLF ileid: .. /I1120 SCHD/ 2017 /A/XML/Cycle08/source(Init. & Date) _____Page 1 of 6 8:54 - 1-Mar-2018 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before for Schedule D (Form 1120) Capital Gains and LossesDepartment of the TreasuryInternal Revenue ServiceSection references are to the Internal Revenue Code unless otherwise DevelopmentsFor the latest information about developments to Schedule D (Form 1120) and its Instructions , such as legislation enacted after they were published, go to s NewAlternative tax for corporations with qualified timber gain. 115-123, section 40310, extended the alternative tax for corporations with qualified timber gain and made it applicable for 2017 . Therefore, for tax years beginning in 2017 , if a corporation has both a net capital gain and a qualified timber gain, a maximum alternative tax may apply.
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