Solved: Husband gets stocks through his work. do we claim...

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

Husband gets stocks through his work. do we claim gains/losses in the stocks yearly? or just when he sells them (and we gain the income)?

 
1 Best answer

Accepted Solutions
Highlighted
New Member

Husband gets stocks through his work. do we claim gains/losses in the stocks yearly? or just when he sells them (and we gain the income)?

In all cases, he will report a capital gain or loss when he sells (or otherwise disposes of) the stock.

That said, whether there is income to report now, and what the cost basis of the stock is (which will affect the eventual gain/loss), depends on how the stock was distributed. Did any amount representing the shares he received appear on any T-slip or other document provided by his employer?

View solution in original post

2 Replies
Highlighted
New Member

Husband gets stocks through his work. do we claim gains/losses in the stocks yearly? or just when he sells them (and we gain the income)?

In all cases, he will report a capital gain or loss when he sells (or otherwise disposes of) the stock.

That said, whether there is income to report now, and what the cost basis of the stock is (which will affect the eventual gain/loss), depends on how the stock was distributed. Did any amount representing the shares he received appear on any T-slip or other document provided by his employer?

View solution in original post

Highlighted
New Member

Husband gets stocks through his work. do we claim gains/losses in the stocks yearly? or just when he sells them (and we gain the income)?

thank you I hadn't thought of looking on the t slip
v