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S
Summit1
Level 5
September 12, 2024
Question

Realized and Unrealized Gains on Investment Account owned by S Corp

  • September 12, 2024
  • 2 replies
  • 16 views

1120 S Investment Account Y/E Balance contains Realized and Unrealized Gains. S Corp is reporting Cash Basis. Where can the Realized and Unrealized Gains be entered to Balance the account without creating additional income.

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2 replies

IRonMaN
IRonMaN
Level 15
September 12, 2024

Realized gains go on schedule D, unrealized go nowhere.  Gains aren't reported until they are realized.

Slava Ukraini!
    Jim-from-Ohio
    Jim-from-OhioIntuit Community Champion
    Intuit Community Champion
    September 12, 2024

    @IRonMaN at least for now

      IRonMaN
      IRonMaN
      Level 15
      September 12, 2024

      That will never pass - for the average person anyway - too complicated to track

      Slava Ukraini!
        Accountant-Man
        Accountant-Man
        Level 13
        September 13, 2024

        Realized Gains are part of income.

        ** I'm still a champion... of the world! Even without The Lounge.
        ljr
        ljr
        Level 9
        September 13, 2024

        How do we get our money back when those unrealized gains become unrealized losses the next year? Will that still be limited to $3,000 per year? lol. 

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