Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
gradml(Newbie)Newbie
12 Oct 2021

Capital losses. Have not included losses on share sales for several years how can I claim.and how far back Do I now just list values or have to redo past Tax forms If I have crypto and shares can I log losses and gains of both together

430 views
2 replies
430 views
2 replies

Most helpful response

Most helpful replyATO Certified Response

JodieR_ATO(Community Support)Community Support
ATO Certified Response12 Oct 2021

Hi @gradml, If you have previous year capital losses, you'll need to amend the relevant financial year. If it's more then 2yrs since the notice of assessment issue date, you'll also need to lodge an objection to the timeframe for lodging an amendment - https://www.ato.gov.au/Individuals/Your-tax-return/Correct-(amend)-your-tax-return/Time-limits-on-tax-return-amendments/ You can carry forward capital losses until such time you can offset the capital loss with a capital gain - https://www.ato.gov.au/Individuals/myTax/2021/In-detail/Capital-gains/

All replies

Most helpful replyATO Certified Response

JodieR_ATO(Community Support)Community Support
ATO Certified Response12 Oct 2021

Hi @gradml, If you have previous year capital losses, you'll need to amend the relevant financial year. If it's more then 2yrs since the notice of assessment issue date, you'll also need to lodge an objection to the timeframe for lodging an amendment - https://www.ato.gov.au/Individuals/Your-tax-return/Correct-(amend)-your-tax-return/Time-limits-on-tax-return-amendments/ You can carry forward capital losses until such time you can offset the capital loss with a capital gain - https://www.ato.gov.au/Individuals/myTax/2021/In-detail/Capital-gains/

Bruce4Tax(Taxicorn)Taxicorn
13 Oct 2021

Capital gains must be shown on the tax return - even if offset by losses. If capital disposals are all losses, then they should still be shown in order to provide a correct amount for capital losses carried forward. crypto and shares - losses from either can be offset against gains for either.

Featured articles

Renting out all or part of your home? What to include in your tax return

21 May 2026 · 4 min read time

How to work out your tax residency

15 Apr 2026 · 8 min read time

Top liked users

  1. Taxduck

    (Taxicorn)

    1309 likes

  2. Bruce4Tax

    (Taxicorn)

    1120 likes

  3. YellowPotato

    (Taxicorn)

    348 likes

  4. Ken_Oath

    (Master)

    199 likes

  5. knaresbro

    (Devotee)

    141 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    3401contributions

  2. Taxduck

    (Taxicorn)

    2850contributions

  3. YellowPotato

    (Taxicorn)

    918contributions

  4. knaresbro

    (Devotee)

    295contributions

  5. TobyJDodd

    (Devotee)

    176contributions

Loading
Ref CGT as an investor Have not included losses on share sales for several yearshow can I claim | ATO Community