Would losing value of stocks (purchased prior to 2022, not sold) be considered a capital loss?

[valerieangelkos]

Trying to understand if losses given the market crash fit anywhere in tax deducitions.

[ee-ea]

To have a capital loss for tax purposes you must realise the loss.   Just having the loss on paper does nothing.  Selling at a price less than the purchase price does net a tax loss .

[Mike9241]

it's too late to sell to take losses for 2022 and in any case, a net capital loss is only deductible up to $3,000 each year any excess carries forward to offset future capital gains or use at the above amount per year.