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Think you might wanna find a new accountant mate...

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    Think you might wanna find a new accountant mate

    https://www.ato.gov.au/General/Capital-gains-tax/Shares,-units-and-similar-investments/Capital-losses-on-shares-and-units/

    From above link:
    Note that this only applies to a loss you get from disposing of investments – not where you have made a 'paper loss' on investments you continue to hold. For tax purposes, a loss isn't a loss until it is realised.

    Not advice, just the ATO!
 
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