The IRS rules on AMT for that transaction might have you thinking it was generally booked. Though any sensible accounting seems like it wouldn’t book it.
We like to pretend we have rule of law, but every part of the government is inherently a political animal.
Old money deferring capital gains forever? No prob. Some nerds who built something but mostly don't have a sophisticated understanding of finance or an organized political machine? Haha screw those guys.
Old money deferring capital gains forever? No prob. Some nerds who built something but mostly don't have a sophisticated understanding of finance or an organized political machine? Haha screw those guys.