Can you switch from Realized gains/losses and then use Unreal. gains WITHOUT re-computing the basis?
Is it anywhere said that you can not switch from calculating gains/losses using Realized gains/losses and then switching to Unrealized gains WITHOUT re-computing the basis?
Textbooks, IRS code, FASB, anything? A specific source would
The problem with this is semantics. "Realized" means gains/losses from things that have been sold. "Unrealized" means a gain/loss from something you still own. If you bought a Corvette for $10,000 and is now appraised at $12,000,



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