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New Member

Do I pay taxes on unrealized capital gains?

My turbo tax federal form shows $33,000 in capital gains.  This must mostly include unrealized gains; gains not harvested.  Are taxes due on unrealized gains?
2 Replies
Bsch4477
Level 15

Do I pay taxes on unrealized capital gains?

There is no tax on unrealized capital gains.  The program can only include what you have entered. 

fanfare
Level 15

Do I pay taxes on unrealized capital gains?

your 1099-B will not show any unrealized gains.

anything there is a SOLD you executed in 2020 and is either Long Term or Short Term.

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