If the taxpayer then sells the asset for $700, then he would realize a gain of $200.

The client can then exit financing arrangement and realize a gain on investment.

Thus, the government argued that upon repossession the landlord realized a gain of $51,434.25.

If the amount realized exceeds the amount of adjusted basis, the taxpayer has realized a gain at the time of disposition.

As long as the coin eventually shows heads, the betting player realizes a gain.