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jj4211 , 1 month ago The answer would be of course they have income, and we have to adequately recognize it as such. Borrowing money against stocks? Income. Capital gains on high value or nonessential assets (e.g. non-primary residences and stock)? Income. Actual money has to come in at some point to manifest that lifesytyle and that is obviously income.
The answer would be of course they have income, and we have to adequately recognize it as such.
Borrowing money against stocks? Income. Capital gains on high value or nonessential assets (e.g. non-primary residences and stock)? Income.
Actual money has to come in at some point to manifest that lifesytyle and that is obviously income.