Can you deduct a market fluctuation loss on your taxes?

[slawless77]

on our december 2022 statement there is a 26,000 loss for maket fluctuation. Can that  be claime on our taxes?

[Bsch4477]

You can only deduct a loss if you actually incurred it, not if the value of your investment portfolio went down. 

[JohnB5677]

No, I don't think so.  Please clarify the situation.

• I apologize if I misinterpret your question, but market fluctuation is what the stock market is.  
• Where was this posted on your "statement".   
• Was this a monthly statement or was it your tax statement (1099-B).

The only time that fluctuation might have come into play was if your were a "Mark to Market" inventor, and they report gains and losses each year for everything in their portfolio regardless if the sold a stock or not.  these are generally high volume traders.

[Mike9241]

the only individuals who can take a market fluctuation loss are security traders who make a valid mark-to-market election. the election must be made timely (by the 4/15 due date - no extension allowed) in the return for the year preceding the year the election is to become effective.