To waive interest and penalties on failures to properly complete schedule D of Form 1040 for 1997.

[AI summary unavailable — showing source text] Prohibits any interest, penalty, addition to the tax, or additional amount from being imposed under the Internal Revenue Code on any underpayment attributable to a failure to properly complete schedule D of Form 1040 for a taxable year ending during 1997 if: (1) the return for such year is filed on or before the due date (including extensions) for filing such return; and (2) such failure is due to reasonable cause and not to willful neglect.…