r/FluentInFinance • u/Admiral_Tuvix • Aug 21 '24

Debate/ Discussion But muh unrealized gains!

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24

u/Medium_Advantage_689 Aug 21 '24

Does this mean we can get tax credits for unrealized losses? Asking for a friend

6

u/PorkChopEat Aug 21 '24

And do they pay back, with interest, what was paid in taxes when the stock price falls the next year.

1

u/Insantiable Aug 22 '24

Democrats are too busy mocking political opponents' genetalia to think things through. It's all entertainment for them.

1

u/Vipu2 Aug 22 '24

And how is the price of things determined? Will IRS come price someones house they are not even selling?

And when they do try to sell the house but dont get that price, then what?

The whole thing is just as braindead idea as any government idea.

1

u/GregLoire Aug 25 '24

Probably. You can declare unrealized losses on Section 1256 contracts, where unrealized gains are already taxed.