Birdwatch Note Rating
2024-01-07 16:02:16 UTC - HELPFUL
Rated by Participant: 58FF7002516CA844C2F1F6BECEBEA1329E7D60A4E989A0889F64B4C2A6816C1C
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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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