Differences Between Schedule D & D-1

Differences Between Schedule D & D-1

The primary difference between Schedule D and Schedule D-1 is that Schedule D-1 is used for assets that are sold, exchanged, or distributed.

Schedule D is the form that is used when a taxpayer has a sale, trade, or other disposition of capital assets. This form includes both business and non-business assets, but is mainly used for capital gains and losses. Schedule D-1 is a form of Schedule D, but is used when the taxpayer has a sale or trade of personal assets, which includes assets that are mainly used for personal purposes.