Amount Realized is defined by § 1001(b) of Internal Revenue Code, and is one of two variables in the formula used to compute gains and losses when determining gross income for tax purposes. The Amount Realized – Adjusted Basis tells the amount of Realized Gain (if positive) or Realized Loss (if negative).
Computation of gain and loss is governed by § 1001(a) of the Internal Revenue Code.
Read more about Amount Realized: Statutory Definition, Calculating Amount Realized, Impact
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