Re: [GNC] how to record tax credit for capital loss

2024-01-23 Thread Patrick James
Let's start with your best bet is to work with your tax professional as to how best to keep track of what's needed for taxes. In the US, what you call a "credit" generally would not be an asset account. The "credit" would be a potential offset to some future gain, if there is any future gain, s

[GNC] how to record tax credit for capital loss

2024-01-23 Thread Mattia Rizzolo
Hello, I'd like some input on how to best record a tax credit due to capital loss, and possibly the following usage of such credit. Disclaimer: I'm not doing this for anything worth, it's a personal book that nobody but me sees, so I can take a few liberties and not follow whatever regulation to t