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null676
New Member

Do I have to claim unrealized gains? I have a brokerage account profit not realized, i did not take the cash out. do i claim that ?

 
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Vanessa A
Expert Alumni

Do I have to claim unrealized gains? I have a brokerage account profit not realized, i did not take the cash out. do i claim that ?

No, you do not claim unrealized gains. When you sell or dispose of the stocks, bonds or funds, you would then claim the gain. 

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Do I have to claim unrealized gains? I have a brokerage account profit not realized, i did not take the cash out. do i claim that ?

only traders who make a 475(f) election have to include unrealized gains in their income at year-end. in addition, that election changes the nature of trading profit and loss from capital gain to ordinary income.

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