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Realized and Unrealized Gains on Investment Account owned by S Corp

Summit1
Level 5

1120 S Investment Account Y/E Balance contains Realized and Unrealized Gains. S Corp is reporting Cash Basis. Where can the Realized and Unrealized Gains be entered to Balance the account without creating additional income.

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5 Comments 5
IRonMaN
Level 15

Realized gains go on schedule D, unrealized go nowhere.  Gains aren't reported until they are realized.


Slava Ukraini!
Jim-from-Ohio
Level 11

@IRonMaN at least for now

IRonMaN
Level 15

That will never pass - for the average person anyway - too complicated to track


Slava Ukraini!
Accountant-Man
Level 13

Realized Gains are part of income.

** I'm still a champion... of the world! Even without The Lounge.
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ljr
Level 8

How do we get our money back when those unrealized gains become unrealized losses the next year? Will that still be limited to $3,000 per year? lol.