Notifications
Clear all
How-do-I Do a Particular Thing in PRC?
2 Posts
2 Users
0 Likes
206 Views
Topic starter November 16, 2023 4:50 pm
If I have a taxable account with a net unrealized loss, do I enter this as a negative unrealized gain or as a capital loss carryover with zero unrealized gain
November 17, 2023 8:38 am
I use the capital loss carryover. Pralana correctly gives me the $3000 deduction against ordinary income and uses up the loss when I have capital gains. Note that Pralana applies gains/losses in the following year to avoid iterative calculations. Over a lifetime, that's not a problem, but it can give funny answers when there is a step change in realized capital gains, so you need to be careful. That one-year-later workaround is supposed to go away in next year's web version.
