The thing about an unrealised gain is … that is hasn't yet been realised. It doesn't exist yet. It could (and often does) vanish like smoke later on, and become a loss. When people propose to tax unrealised gains, do they also propose to reimburse those taxes when the gains become losses? Do they intend to continue taxing realised gains?

They usually propose some sort of mark-to-market and tax the value, but outside of markets like the stock market, and somewhat the housing market, it can be really really hard to determine the value of something.

Should the 1st tweet NFT be taxed at its last sale price? The recent failed bid price?

> When people propose to tax unrealised gains, do they also propose to reimburse those taxes when the gains become losses?

Did you only read the first line of my comment? I specifically said that unrealized losses should also be a tax deduction.

I … am a moron. Somehow completely missed that.