Amount Realized

Amount Realized means:
the amount received by a taxpayer on the sale or other disposition of property. It includes the sum of cash, fair market value of any property or services received, and any debt assumed by the buyer. Former IRC (check if this IRC provision is current here) §1001(b).

See also other Tax Terms and Definitions in U.S.A.

recognized gain.

Description and Definition of Amount Realized

Amount Realized is sales proceeds plus mortgages assumed or taken subject to, less transaction expenses, such as commissions and legal costs. Amount Realized includes cash, the fair market value of property and services received, and debt assumed by the buyer.

Resources

See Also

Further Reading

• Amount Realized in the West's Tax Law Dictionary
• Amount Realized in “A Dictionary of Taxation”