The portion of realized gain which is taxable.

A gain included in gross income for the current tax year. Normally, a realized gain is recognized in the same tax year, but certain types of transactions may result in either nonrecognition or deferral of the gain for income tax purposes.

The amount of the realized gain on the sale or exchange of real property reportable in a given year on tax returns.

in a tax-free exchange, the portion of gain that is taxable. A realized gain will generally be recognized to the extent of boot received.

Amount of gain which is subject to tax when property is disposed of at a gain or profit in a taxable transfer.

That portion of the realized gain that is taxable. Also see ‘Realized gain” and “Taxable gain.

The amount of gain reported for income tax purposes.

Taxable income portion of the money received from the sale of real estate.