https://www.taxtmi.com/forum/issue?id=110713 Taxpayer has current and prior year capital losses and has deposited long-term capital gain proceeds into a capital gain account to buy residential property; queries whether losses can be carried forward instead of adjusted, whether withdrawals from the capital gain account would be permitted if losses are adjusted, and where to report the deposit on the income tax return. Respondent recommends consulting a practising chartered accountant and filing an accurate, fully disclosed return. en-us Sun, 31 Jul 2016 10:14:00 +0530 Thu, 23 Jan 2025 15:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110713 Taxpayer has current and prior year capital losses and has deposited long-term capital gain proceeds into a capital gain account to buy residential property; queries whether losses can be carried forward instead of adjusted, whether withdrawals from the capital gain account would be permitted if losses are adjusted, and where to report the deposit on the income tax return. Respondent recommends consulting a practising chartered accountant and filing an accurate, fully disclosed return. Discussion-Forum Income Tax Sun, 31 Jul 2016 10:14:00 +0530 https://www.taxtmi.com/forum/issue?id=110713