What AMOUNT REALIZED means: 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.
- Definition Average Basis:
- Dictionary A method of figuring basis that can be used only for sales of regulated investment company (including mutual fund) shares. The taxpayer can choose either the single-category or double-category method amount realized definition.
- Definition Audit:
- Dictionary and verification of a taxpayer's return or other transactions with tax consequences. An office audit is an audit by the IRS that is conducted in the agent's office. A field audit is amount realized explain.
- Definition Annualized Income:
- Dictionary and expenditures for a particular period multiplied by the ratio of 12 to the number of months in the period. For example, if annualizing the income for the period January 1 though May 31, multiply amount realized what is.
- Definition Actual Expenses (Regular Method):
- Dictionary The method of deducting automobile expenses based on actual costs incurred amount realized meaning.
How works Amount Realized meaning in Tax definitions A .
