Cap gains question

[Derek Atkins]

Jon Lapham <lapham at extracta.com.br> writes:

> huh, interesting.  So, really, for investments, we should have an
> income account structure like this:
> 
> -Income
>     -Unrealized Gains
>     -Realized Gains (short term)
>     -Realized Gains (long term)

I'm not convinced you need an "unrealized gains" account..  Also, most
tax agencies (at least in the US) want you to enumerate all your investment
sales, so I'm not convinced you need separate CG accounts, either.

> Where the definitions of long and short term would vary from country
> to country.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
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