No. of Recommendations: 0
" Equity securities gains and losses include unrealized gains and losses from changes in fair values during the period on equity
securities we still own, as well as gains and losses on securities we sold during the period. Our proceeds from sales of equity securities
were approximately $133.2 billion in the first nine months of 2024 and $32.8 billion in 2023. In the preceding table, investment gains
and losses on equity securities sold during the period represent the difference between the sales proceeds and the fair value of the equity
securities sold at the beginning of the applicable period or, if later, the acquisition date. Taxable gains and losses on equity securities
sold are generally the difference between the proceeds from sales and cost. Our sales of equity securities produced taxable gains of $23.4
billion in the third quarter and $97.1 billion in the first nine months of 2024 compared to taxable gains of $759 million in the third
quarter and $5.4 billion in the first nine months of 2023. Other investment gains in the first nine months of 2023 included a non-cash
gain of approximately $3.0 billion from the remeasurement of our pre-existing 38.6% interest in Pilot through the application of
acquisition accounting under GAAP. "
We will certainly be paying, our fair share, of taxes, lol.
