Applies in calculating gain or loss realized by a taxpayer who sells or exchanges an asset. The “amount realized” is the amount received by a taxpayer on the sale or exchange: the sum of cash and other property or services received, plus any debt of the seller that is taken over by the buyer. The realized gain or loss (i.e., profit or loss for tax purposes) is, generally, the amount realized minus the asset’s adjusted basis.

The amount realized from a sale or trade of property is everything you received for the property. This includes the money you received plus the fair market value of any property or services received.

The total value of everything you received from a sale or trade of property. This includes the money you received plus the fair market value of any property or services received.

The 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. Annualized Income The actual income and expenditures for a particular period multiplied by the ratio of the number of months in the period to 12 months.

The total of all money received plus the fair market value of all property or services received from a sale or exchange. The amount realized also includes any liabilities assumed by the buyer and any liabilities to which the property transferred is subject, such as real estate taxes or a mortgage.

The fair market value of property received by a taxpayer on the sale or exchange of property.

The amount of money or fair market value of other property received in a sale or exchange.