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Amount Realized
Amount RealizedThe amount for which one sells an asset. The amount realized may be a realized gain (in which the sale price exceeds the original purchase price) or a realized loss (in which the sale price is less than the original purchase price). It may also break even. The amount realized likely will affect one's taxable income.Amount RealizedThe amount received by a taxpayer on the sale or exchange of property. The amount received is the sum of the cash and the fair market value of any property or services plus any of the seller's liabilities assumed by the purchaser. Determining the amount realized is the starting point for arriving at realized gain or loss. |