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Deferred Taxes

deferred tax

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#1 Kookie05

Kookie05

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Posted 12 July 2014 - 04:12 PM

Becker FAR book --

Chapter 3, page 5, Lecture

 

Tim Gearty mentions there is a temporary difference between GAAP rules and Tax rules on when income is recognized for trading/available for sale securities.

 

My question:  Aren't unrealized gains actually recognizable in TAX under "capital gains"?  Making it a taxable obligation for investors?