This assumption was therefore part of the
amount realized by the seller, much like the sale of real estate subject to a mortgage.
Finally, payment of certain costs related to the transfer of the relinquished property that may be characterized as selling expenses or exchange expenses are excluded from the seller's
amount realized and ignored altogether.
The
amount realized in that case could be used to pay off the country's debts and the banking courts would have to decide all the cases within six weeks, he added.
The court also held that there was no gain or loss from the sale since the
amount realized was greater than the taxpayers' loss basis but less than their gain basis.
"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%.
But the taxpayer's gain from the property sale is not the sale price (or in technical terms, the '
amount realized') but rather the sale price minus basis.
The
Amount Realized Was Limited to the Net 584 Monetary Consideration Beulah Received from the Buyer 2.
Gain is determined by subtracting the adjusted basis of the asset sold or exchanged from the
amount realized. Loss is determined by subtracting the
amount realized from the adjusted basis of the asset sold or exchanged.
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).
