[GNC] how to record tax credit for capital loss

Patrick James patrickjames14 at comcast.net
Wed Jan 24 14:36:15 EST 2024


> If I run out of past credits then that's a final gain, that's taxable
> the moment it's realized (and some brokers straightly withold it from
> the selling price!), it's not possible to offset with a future loss
> within the same year.

It should be total obvious that to minimize taxes if you were selling two different positions for a net of no gain or loss, then you'd better sell the loss on day 1 and the gain on day 2.

I would not want to risk my broker trading the gain a few seconds before the loss.


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