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January 26, 2023
Question

Do you have to claim Capital Gains or Losses if you did not sell any shares of the investment?

  • January 26, 2023
  • 2 replies
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2 replies

Hal_Al
Employee
January 26, 2023

No.  You do not report unrealized ("paper") gains or losses.  

January 26, 2023

No.  If you sell something (home, stock, collectible, etc.) for more than your "cost basis" of the item (what you paid for it), then the difference is a capital gain, and you’ll need to report that gain on your taxes. 

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