ARE YOU KIDDING ME!!! Unrealized capital gains taxes - A BIG Problem for Everyone
No one knows what will come out of the dumpster-fire going on up on Capitol Hill, but let’s take a look at one proposal to raise money to pay for some of the cost of the reconciliation bill. At the moment, capital gains are taxed only when the asset is sold or the owner dies. (The estate tax is just a tax on capital that is triggered by death rather than by sale.) It is currently proposed that Gains be taxed every year whether sold or not. Unrealized capital gains are certain