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 Accelerated Depreciation:
- Dictionary depreciation that yield larger deductions in the earlier years of the life of an asset than does the straight-line method. The double (or 200 percent) declining balance method is an example of an amount realized definition.
- 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 explain.
- Definition Amended Return:
- Dictionary on Form 1040X after the original return has been filed. An amended return is used to correct errors or to claim more advantageous ways of filing the original return. An amended return can also be amount realized what is.
- Definition At-Risk Rules:
- Dictionary limiting the taxpayer's deductible business, partnership, S corporation, or real estate loss to cash invested plus debt he or she is legally obligated to pay and the adjusted basis of any amount realized meaning.
How works Amount Realized meaning in Tax definitions A .
