unrecognized gain
Defined in 2 places of the United States Code.
The term “unrecognized gain” has the meaning given to such term by section 1092(a)(3).
Source
- 1994–present26 U.S.C. § 1256Internal Revenue Code · Section 1256 contracts marked to market · for purposes of this section
The term “unrecognized gain” means—
(i) in the case of any position held by the taxpayer as of the close of the taxable year, the amount of gain which would be taken into account with respect to such position if such position were sold on the last business day of such taxable year at its fair market value, and
(ii) in the case of any position with respect to which, as of the close of the taxable year, gain has been realized but not recognized, the amount of gain so realized.
Source
- 1994–present26 U.S.C. § 1092Internal Revenue Code · Straddles · for purposes of this title