Birdwatch Note Rating
2024-01-07 03:34:47 UTC - HELPFUL
Rated by Participant: B4AA2212A0A001FA1EB6B2B8551FE056196C28A02134C5DD525A24D32835C0EC
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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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