Birdwatch Note Rating
2024-01-08 21:18:20 UTC - HELPFUL
Rated by Participant: E898A5B2B118F3D61AB033316A428017B303B0104803096A71D30B488D3C835D
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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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