It would be a never ending accounting nightmare to track asset growth or shrinkage on a tax year basis - assets are constantly rising and falling in value from one day to the next. On what day is the valuation to be made? Keeping track of this valuation date from one year to the next on assets that are not liquidated will only make your tax accountant rich and happy.
Don't worry. They'll give you the assumed growth curve, and it won't be in your favor.
No problem because what do you think those 87000 IRS agents are for.
Beyond that, lots of assets are difficult to value. There are tons of closely held companies out there without an active stock market. What are they worth? What some IRS DEI hire says they are?
It would be a never ending accounting nightmare to track asset growth or shrinkage on a tax year basis - assets are constantly rising and falling in value from one day to the next. On what day is the valuation to be made? Keeping track of this valuation date from one year to the next on assets that are not liquidated will only make your tax accountant rich and happy.
much easier than tracking individual investments. I suspect the investment companies are lobbying for this.