INSTRUCTIONS: CALIFORNIA SCHEDULE B, GAINS ON SALES — STANDARD AND SIMPLIFIED ACCOUNTS (Form GC-400(B)/GC-405(B))

The document discussed in this article is used by California conservatorships and guardianships to document gains on sales during periods of account. This form can be obtained from the website maintained by the California Judicial Board.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 1: If you are filing for a conservatorship, check the first box.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 2: Check the second box if you are filing for a guardianship.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 3: Enter the name of the conservatee or minor.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 4: If you entered the name of a conservatee, check the third box.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 5: If you entered the name of a minor, check the fourth box.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 6: Enter the case number where indicated.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 7: In the first column of the table provided, enter the date of each sale.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 8: In the second column, enter the property sold.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 9: In the third column, enter the sale price.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 10: In the fourth column, enter the carry value.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 11: In the fifth column, enter the amount of the gain.

California Schedule B, Gains On Sales — Standard And Simplified Accounts GC-400(B)/GC-405(B) Step 12: Enter the total gains on sales at the bottom of the value. Transfer this value to line 4 of the Summary of Account form.