Stockmaster
Registered User
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I am a PAYE employee, and I have being filling out my tax returns since 2002 and recently using the online ROS form F11.
However I only now realise that I should have been filing my losses on Shares which I had been trading ( but making overall losses each year, I didnt make a profit in any year, I eventually realised that I was a mug and hopeless at buying and selling shares - so I gave up)
Between 2004 and 2012, I made losses each year and eventually totalling about 45,000€, when I stopped digging the hole any further realising I was a mug
but I didnt know I needed to record the loss on the F11, incase I made a future profit that I could use the loss against, I thought a loss is a loss
I now have bought shares which are in profit and stand to have a gain of about half the old losses that I had
Can I use the losses from back then against the gain if I sell, or am I too late
Any help would be greatly appreciated - Thanks
However I only now realise that I should have been filing my losses on Shares which I had been trading ( but making overall losses each year, I didnt make a profit in any year, I eventually realised that I was a mug and hopeless at buying and selling shares - so I gave up)
Between 2004 and 2012, I made losses each year and eventually totalling about 45,000€, when I stopped digging the hole any further realising I was a mug
but I didnt know I needed to record the loss on the F11, incase I made a future profit that I could use the loss against, I thought a loss is a loss
I now have bought shares which are in profit and stand to have a gain of about half the old losses that I had
Can I use the losses from back then against the gain if I sell, or am I too late
Any help would be greatly appreciated - Thanks