If unrealized gains are taxable, there will never be another dollar invested.
I doubt that but it will dampen investing. I want to know what happens when that unrealized gain you paid taxes on turns into an unrealized loss. I bet they will disallow a deduction for an unrealized loss and say you must sell it to claim.
I bet this passes....likely why the IRS wants 87,000 more agents with guns
Do we also get an unrealized loss deduction?
Anyone paying property taxes are taxed on unrealized gains, since they are still living in the house that is being taxed.
This is limited to foreign earnings.