Quote:
Originally Posted by Jim in CT
a sincere question-
there’s talk among democrats if taxing unrealized capital gains.
does that tax go both ways? if i have to pay tax on unrealized capital gains, do i get deductions for unrealized capital losses?
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You would get a deduction of for unrealized capital losses. The biggest issue is the determining the value of non-tradable assets . I believe they would not be taxed yearly but there would be an interest charge on them which would be paid when those assets were sold.
Sounds very costly for the billionaires to administer. They has to be a better way. They should change the way carried interest is treated.