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# Re: Capital Gains Tax Schedule is not saving losses when gains and losses in same year

I'm new

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I had capital gains and losses this year of \$45,000 and losses of \$3,000 (with carried forward losses of \$35,000).  As my gains are over \$10,000 I need to complete the CGT Schedule and input my gains and losses.  I can input them and save them in the detailed section, but when I save it and it collapses to the summary, the gains are only transferred and the losses are dropped off, so the net total doesn't add to what I have included in the first section of total gains and net gain.  Is there a work around, or is this getting fixed?

I have reproduced the current year loss into the next subsection, together with py losses - it's given the correct result, so hopefully it's ok...

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Taxicorn

Replies 0

A couple of questions:

(1) What were these gains/losses related to?

(2) What is this \$10,000 that you mentioned?

(3) Were the gains discounted or not?

If you had a Gain this year (not discounted) of \$40,000, this would then be offset by the \$35,000 carry forward loss, making a \$5,000 gain. You would then offset this gain by the \$3,000 loss in the current year making \$2,000 gain and then discount it if held for longer than 12 months by 50% = \$1,000 gain.

Taxicorn

Replies 0

A couple of questions:

(1) What were these gains/losses related to?

(2) What is this \$10,000 that you mentioned?

(3) Were the gains discounted or not?

If you had a Gain this year (not discounted) of \$40,000, this would then be offset by the \$35,000 carry forward loss, making a \$5,000 gain. You would then offset this gain by the \$3,000 loss in the current year making \$2,000 gain and then discount it if held for longer than 12 months by 50% = \$1,000 gain.

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