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I thought you don't need to pay tax on capital gains until you realize them, i.e. selling your stake?
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Mar 23, 2017 19:56
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Gounads posted:Absolutely don't assume that. Cap gains on $150k is like $35k, you don't want that surprise. Yeah I wouldn't assume it either, but it seems there has to be something else going on if the gains are actually being realized. What happens if the company goes under tomorrow (hopefully not obviously) just after he's paid six figures in capital gains taxes on unrealized gains?
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Mar 23, 2017 20:10
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