October 11, 2024

What would taxing unrealized capital gains mean?

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6 News speaks to a financial advisor to talk about some of the uncertainty of what this would mean.

TEMPLE, Texas — A proposal has been put forward, although not in detail, about taxing unrealized gains to raise more money for the federal government.

So, you may owe money if your stocks and assets rise, even if you don’t sell them.

The same thing would apply to your house. Unfortunately, the ambiguity around the proposal raises many questions and provides very few answers.

Would this only be for the very rich? Who does it really affect?

We spoke to an expert in all new Money Talks to get some answers!

Financial Advisor Rolandus Johnson told 6 News, “I will tell you this, there’s a lot of things that are left in the grey area that are question marked. Or are unknown right?

One of those being, who would unrealized gains affect?

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