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Click ‘Get Form’ to open the California D-1 in the editor.
Begin by entering your name(s) as shown on your tax return at the top of the form. This ensures that your information is correctly associated with your tax filing.
In Part I, provide your SSN, ITIN, or FEIN. This identification is crucial for processing your gains or losses accurately.
For each property sold, fill in the description, acquisition date, sale date, gross sales price, and depreciation allowed since acquisition. Ensure all figures are accurate to avoid discrepancies.
Calculate the gain or loss by subtracting the cost basis from the gross sales price. Enter this value in the designated field.
Complete Part II if applicable, detailing any ordinary gains or losses not included previously. Follow similar steps for reporting adjustments.
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