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Newbie2023(Newbie)Newbie
14 June 2023

I own shares in Nasdaq100 ETF. On the AMIT statement it has $1038 in 18A and $2076 in 18H. I have over $4505 in carried forward losses. My question is what figure do I put in the "Total current year capital gain", "Net capital gain" and "Net capital loss carried forward to later income year" boxes/fields. Is it $2076 in "total current year capital gain", $1038 in "Net capital gain" and losses of $3467 (being $4505 - $1038) in "Net capital loss carried foward" or $2429 (being $4505 - $2076). I'm not sure whether I need to use amount in 18A or 18H to offset against last year's losses.

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Bruce4Tax(Taxicorn)Taxicorn
15 June 2023

Is it $2076 in "total current year capital gain",


Yes


$1038 in "Net capital gain"


No, because there are losses


"Net capital loss carried foward" or $2429 (being $4505 - $2076).


Yes


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
15 June 2023

Is it $2076 in "total current year capital gain",


Yes


$1038 in "Net capital gain"


No, because there are losses


"Net capital loss carried foward" or $2429 (being $4505 - $2076).


Yes


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