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All-In with Chamath, Jason, Sacks & Friedberg

Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

4302.759 - 4324.745 Freeberg

Every year you have to report to the IRS, separated by asset class, the cost basis and the estimated value of every asset you have. You then have to determine your tax that you owe because of the difference from last year. You start out with tradable assets of stocks. Those are just valued at the end of year. Illiquid assets like private companies or real estate.

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