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Not saying you can't owe tax on it but isn't that unrealized profit?
by emodendroket 3y ago
Not saying you can't owe tax on it but isn't that unrealized profit?
- danenania 3y ago"Unrealized profit" is a term used for investments or assets afaik, when the paper value has increased but the gains haven't been realized by selling. For a business, revenue minus expenses in a given accounting period is considered profit. The only question is whether it gets treated as corporate profit or personal income.