no title

For each column showing a gain on line 4, enter the lesser of line 4 or line 7 ~~~~~~ a Add line 8, columns A through D. [...] If line 7 is zero or a loss, enter the amount from line 7 on line 11 below and skip lines 8 and 9. [...] If line 9 is more than zero, enter the amount from line 8 on line 12 below and enter the gain from line 9 as a long-term capital gain on the Schedule D filed with your return. [...] Subtract line 23 from line 20 24 25 If section 1245 property: a Depreciation allowed or allowable from line 22 ~ 25a b Enter the smaller of line 24 or 25a 25b 26 If section 1250 property: If straight line depreciation was used, enter -0- on line 26g, except for a corporation subject to section 291. [...] Caution: If the tax is zero or the tax year was for less than 12 months, skip this line and enter the amount from line 3 on line 5 ~~~~~~~~~~~~~~ 4 40,599.