Birdwatch Note Rating
2024-01-08 15:43:57 UTC - HELPFUL
Rated by Participant: 0F1521E5976A9C7845B4E8D7D106D14B8E9AA5C060525B3F3B6B867BC5E4F604
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Original Note:
By their very definition, unrealized gains are not income. They have not been realized. Once they are sold, then taxes are paid. https://www.investopedia.com/terms/u/unrealizedgainsandlosses.asp https://corporatefinanceinstitute.com/resources/knowledge/accounting/statement-of-comprehensive-income/ https://www.forbes.com/advisor/investing/unrealized-gains-and-losses/ The Balance: Understanding Unrealized Gains and Losses https://www.thebalance.com/unrealized-gains-and-losses-definition-and-examples-314076
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