When an available-for-sale security is sold any unrealized gains or losses need to be reclassified from the Allowance for Change in Fair Value of Investments account in order to not double count any gains or losses recorded in comprehensive income.

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When an available-for-sale security is sold, any unrealized gains or losses previously recorded in comprehensive income must be reclassified from the Allowance for Change in Fair Value of Investments account to the income statement. This is done to avoid double counting any gains or losses already recorded in comprehensive income.

When an Available-For-Sale Security Is Sold Any Unrealized Gains or Losses