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# Re: Calculating capital gain tax on shares

I'm new

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Hi,

I have a question on offsetting capital loss from my capital gains.

For example, I have \$5000 capital loss from previous years. I sold some shares, which has been held for more than a year, and received a capital gain of \$1000. I sold another parcel of shares (only held for less than a year), and received a capital gain of \$200.

How do I calculate my capital gain?

Is this correct?

Capital gain = (50% x \$1000) + (\$200) - \$5000 = - \$4300 (capital loss to be carried forward to future)?

Thanks,

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Taxicorn

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Capital Loss = \$5,000

Capital Gain = \$1000 - \$1000 from \$5,000 = \$4,000 capital loss

Capital Gain = \$200 - \$200 from \$4,000 = \$3,800 capital loss carried forward.

Capital Gain 18H = 1200

Net Capital Gain 18A = 0

Carried forward loss 18V = 3,800

You always subtract loss BEFORE any discounting.

Highlighted

Taxicorn

Replies 0

Capital Loss = \$5,000

Capital Gain = \$1000 - \$1000 from \$5,000 = \$4,000 capital loss

Capital Gain = \$200 - \$200 from \$4,000 = \$3,800 capital loss carried forward.

Capital Gain 18H = 1200

Net Capital Gain 18A = 0

Carried forward loss 18V = 3,800

You always subtract loss BEFORE any discounting.

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