Personal Finance (Not Investing) • Can the IRS be negotiated with?

I heard that also, but "taxing unrealized gains" --- Has that ever been done in any country?

All the time, even in the US: mark to market taxation

"mark to market" makes this lunacy sound sort of normal . . . , "yeah, it's a thing for sure, for sure". It is in fact the most cockamamie concept I've heard of in a long time.

This thread has gone off the rails, but every real estate owner in the US pays taxes on unrealized gains.

Explain please. You don't pay capital gain taxes on real estate until you sell it.

I'm not the responding poster, so will let them answer for themselves later. But, when I pay my proper taxes that's based on the current appraisal value which is at its inflated value. Not on the lower price I paid.

Statistics: Posted by jj — Mon Jun 24, 2024 12:19 am — Replies 13 — Views 1070

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