Gain
Gain means:
an increase in value, measured by the difference between the adjusted basis and the selling price. Former IRC (check if this IRC provision is current here) §1001.
Example of Gain:
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Bill sells for $10,000 land that he bought for $4,000. For tax purposes, he recognizes a $6,000 gain, less transaction costs.
See also other Tax Terms and Definitions in U.S.A.
capital gain; realized gain; recognized gain.
See: Capital gain.
See also Capital Gain in the American Legal Encyclopedia and Capital Gain in the World Legal Encyclopedia.
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