Amount Realized


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Amount Realized

The amount for which one sells an asset. The amount realized may be a realized gain (in which the sale price exceeds the original purchase price) or a realized loss (in which the sale price is less than the original purchase price). It may also break even. The amount realized likely will affect one's taxable income.

Amount Realized

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.
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As a general rule, a buyer of US real property from a foreign person must withhold 15 percent of the total amount realized by the foreign person on the sale.
A indication the amount realized by the Departmental Council of the Loiret in 2015: - For the technical infrastructure equipment: 546,903 euros TTC- For technical infrastructure software 167 990 euros TTCA indication the amount realized by the Sdis in 2015: - For the technical infrastructure equipment: 20 303 euros TTC- For technical infrastructure software: 35 000 euros TTC
If the debt relief exceeds the donor's basis in his partnership interest, the debt relief is treated as an amount realized in a deemed sale transaction, and the donor must recognize gain (Regs.
The net amount realized by the Government of the Republic of South Sudan after payments or settlement of loan is $ 1,887 million (only one billion eight hundred eighty seven million US Dollars)," partly read the statement extended to Sudan Tribune.
Capital One responded by arguing that Nicoll's credit was limited to the amount realized at the sheriff's sale, and nothing requires that a debtor be entitled to credit for the price the lender obtains upon resale of the collateral.
The amount realized by European Capital was greater than the first quarter 2013 valuation of the investment by 1%.
The IRS reasoned that because IRC Section 61(a)'s standard definition of "gross income" includes "gains derived from dealings in property," and because such gains are ordinarily calculated by subtracting basis from the amount realized, "outside the context of a trade or business, any basis overstatement that leads to an understatement of gross income under Section 61(a) constitutes an omission from gross income for purposes of Sections 6501(e)(1) (A) and 6229(c)(2).
Beulah's novel reporting of the taxable gain from the sale of the Brooklyn Apartment Building to Avenue C Realty was based upon the following three components: (a) the property sold was a nondepreciable equity interest in the Brooklyn Apartment Building; (b) the original date-of-death basis and the date-of-sale adjusted basis of the nondepreciable equity interest in the Brooklyn Apartment Building were zero; and (c) the amount realized on the sale included only the net monetary consideration of $2,500 she had received from Avenue C Realty.
Gain is the excess of the amount realized upon the sale over the basis (adjusted downward for depreciation or upward for additions to the property).
The fair market value of the contributed portion is the fair market value of the entire property less the amount realized on the sale.
EXHIBIT 1 Mixed-Use Swap Total 2/3 residential 1/3 business property property property Amount realized $360,000 $240,000 $120,000 Basis $210,000 $140,000 $ 70,000 Depreciation adjustment $ 30,000 - $ 30,000 Adjusted basis $180,000 $140,000 $ 40,000 Realized gain $180,000 $100,000 $ 80,000 Gain excluded under $150,000 $100,000 $ 50,000 section 121 Gain deferred under $ 30,000 - $ 30,000 section 1031 The taxpayer's basis in the replacement property is $240,000 (residential portion) and $90,000 (business portion--$40,000 adjusted basis plus $50,000 excluded gain under section 121).