Hi all, it’s tax time and this year is the first year I’ve used Sharesight!
I’ve got previous carry over capital losses of $10,000 to use this year.
I’ve run the CGT reports for the last financial year and Minimise CGT/Minimise Gain/FIFO gives me a claimable capital loss of $4000. Running the Maximise Gain report gives me a capital gain of $1000 ( a $5000 dollar difference!)
Two questions if I may:
Which would be the better one to use and,
If say I use Minimise CGT for this FY, can I change it to another method (eg Maximise Gain next FY)
I understand not tax advice, personal opinions etc etc