Posted 9/19/2024 13:01 (#10896406 - in reply to #10896038) Subject: RE: Harris tax on capital gains?
East of Broken Bow
DougK - 9/19/2024 08:26
What is the difference between taxing unrealized capital gains and accrual accounting?
Do you include the change in land value as 'income' with accrual accounting?
It has been a long time since I studied anything about accrual accounting, but my understanding is that it includes things like inventory value, but changes in value in long term land values.
Harris tax on capital gains?
