alt Hacker NewsNot an issue. If you trade section 1256 contracts, the current tax code already requires you to report unrealized gains by calculating the gains as if they are sold on the last day of the tax year. Brokers have no issues calculating that and reporting that single number to the IRS.
Reporting them is not the same thing as paying taxes on them.
The next day, the stock could tank.
BTW, do you think that a mortgage on a house should be taxed as "income"? How about credit card debt? Is that also "income"?