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<p>[QUOTE="GDJMSP, post: 714962, member: 112"]No, it's a matter of definitions, nothing more and nothing less. </p><p><br /></p><p>Yes, you can have an increase in market value. </p><p><br /></p><p>Yes, you can have a decrease in market value.</p><p><br /></p><p>Yes, you can have unrealized gains.</p><p><br /></p><p>Yes, you can have unrealized losses.</p><p><br /></p><p>You can have all of these things while you still own the item.</p><p><br /></p><p>But you cannot have a profit or a loss until you complete the transaction by selling the item.</p><p><br /></p><p>That is why you do not pay taxes on unrealized gains, and why you do get a tax write off on unrealized losses - until you sell.</p><p><br /></p><p>How hard is this to understand ? You have to call it what it is. Not what you want it to be. You are misusing the word - profit.</p><p><br /></p><p>To put it in coin terms, it's kind of like calling a clipped planchet error a brockage. It isn't.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 714962, member: 112"]No, it's a matter of definitions, nothing more and nothing less. Yes, you can have an increase in market value. Yes, you can have a decrease in market value. Yes, you can have unrealized gains. Yes, you can have unrealized losses. You can have all of these things while you still own the item. But you cannot have a profit or a loss until you complete the transaction by selling the item. That is why you do not pay taxes on unrealized gains, and why you do get a tax write off on unrealized losses - until you sell. How hard is this to understand ? You have to call it what it is. Not what you want it to be. You are misusing the word - profit. To put it in coin terms, it's kind of like calling a clipped planchet error a brockage. It isn't.[/QUOTE]
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