I brought shares in a company in 2019 for $2000 and sold them in early 2022 and received $1000. How do I claim the loss? ATO online only has table for Capital GAINS.
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Hi @Mike44,
If your completing myTax online, you'll need to select you had capital gains and losses, then at section 3 ADD+ information at this section. There is a capital loss carried forward label. You don't need to include a minus symbol as the label itself is for a loss amount. Once you save and continue it will be recorded on your return. As @Bruce4Tax advised, it can be carried forward till you have a capital gain to offset it against.
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How do I claim the loss?
Capital losses can only be claimed against capital gains.
The loss should be recorded at Item 18 V
Hi @Mike44,
If your completing myTax online, you'll need to select you had capital gains and losses, then at section 3 ADD+ information at this section. There is a capital loss carried forward label. You don't need to include a minus symbol as the label itself is for a loss amount. Once you save and continue it will be recorded on your return. As @Bruce4Tax advised, it can be carried forward till you have a capital gain to offset it against.
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