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You will report the sale of a capital asset on your 1040 tax form either the schedule D or the schedule 4797 and you will either have a gain or a loss on each transaction that you have to report on the schedules. You are not allowed to claim a loss on the sale of a personal asset but any gain on the sale of a personal asset is taxable income on your 1040 income tax return.

You can call them what ever you want.

When you read the tax form instructions they do not say realized capital gain or unrealized capital gain.

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Q: Which do you report on tax forms realized capital gain or unrealized capital gain?
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