understanding unrealized gain on taxable account

[ealderson]

I have a taxable account where the statement says the unrealized gain is $12,000. If I cash out this account, is the $12,000 the total amount that the 1099 will show as income? This is my understanding, but I wanted to get some input before I sell, so I don't go over the ACA cliff. Thanks

[gocurrycracker]

If you completely cash out the account, yes all of the unrealized gain will then be a realized gain and added to your income.

If you only sell some of it, then you only realize a portion of the gain.

There is a chart in this post that kind of shows the realized gain as a percentage of total sale based on how much the asset has grown
https://www.gocurrycracker.com/long-term-long-term-capital-gains/

[ealderson]

Thanks Jeremy, Hope you have a great 2020!