I own some Bitcoin. On May 18th one could say I was wealthy. Today, not so much. My tax liability hasn’t changed a penny.
—”I own some Bitcoin. On May 18th one could say I was wealthy. Today, not so much.”
That can change and Joe the Jamoke has it on his list.
I own some real estate and like most each year I’m taxed on the unrealized appreciation.
Nothing new.