Investment Loss

[kathyc2]

In particular, this thread concerned itself with treatment of securities, but in real practice there is a much larger issue in comparison.

A change in a security value would not show on a tax return regardless if return is accrual tax basis or cash tax basis. Why would you be advising to have it show on books? You seem to be under the impression that tax basis accrual and GAAP are the same thing, which they most certainly are not.