Q: In case of Capital Loss, we should not use any negative figures, since it is non-cash, instead, we should use sold amount since it is actual cash in-flow, right?
A: Yes, use the cash proceeds, regardless of gain or loss, unless the loss is short term and the asset was purchased in the tax year. For example, if a taxpayer purchased stock for $25,000 and sold it for $10,000 in the same year, then I'd show a $15,000 cash outflow - negative amount - $25,000 out and only $10,000 back in.
A: Yes, use the cash proceeds, regardless of gain or loss, unless the loss is short term and the asset was purchased in the tax year. For example, if a taxpayer purchased stock for $25,000 and sold it for $10,000 in the same year, then I'd show a $15,000 cash outflow - negative amount - $25,000 out and only $10,000 back in.