The Supreme Court is set to determine whether Congress, for the purposes of taxation, may classify unrealized capital gains as “income.”

Capital gain – the profit you get from an investment when you sell it.

Unrealized capital gain – potential profit from an investment before you sell it.

Unrealized capital losses – potential loss on an investment before you sell it.

Unrealized gains and losses are referred to as paper profits or losses since they can’t be determined until the sale is completed

You can’t make it up!