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Author: KentonKelly Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121150  
Subject: Re: truly silly question Date: 8/13/1999 6:45 PM
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No. You will never pay taxes on unrealized gains in your portfolio. Any short-term or long-term gains and/or losses are the result of a transaction, i.e.-you selling.

TMF has a very nice little book that answers all sorts of tax questions related to investing. I believe it was written by a gentleman who often answers questions on this board. I would suggest you purchase a copy. Not because your question was silly, but because if you want to get involved in investing, this is one aspect you should have a familiarity with.
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