Get your real estate into the Opportunity Zone tax structure and avoid this debate entirely
No tax
StripMallGuy (@realEstateTrent)
I don't think most people are totally honest with themselves when it comes to calculating net worth.
I've always calculated it in terms of post-tax dollars. If a property's worth $1M more than what I paid for it, I deduct the capital gains, and only recognize, say $700k of the $1M.
I think if your stock portfolio is up $2M, recognizing it at the market value, without accounting for the tax loss, is lying to yourself - and lots of folks walk around with a deeply inflated sense of their financial standing.
What am I missing?
— https://nitter.net/realEstateTrent/status/2085002788879126561#m