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
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