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To: benwood who wrote (94295)4/15/2001 4:36:47 PM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
Having to pay tax on unrealized gain is one of those oddities that usually only CPAs and attorneys know about, unfortunately. Some of the cases I studied in school made everyone's jaw drop. Bet you didn't know that you can owe income tax when a debt is forgiven. Be nice to beancounters, they can save you from a world of hurt.