AMOUNT REALIZED

amount realized.Tax. The amount received by a taxpayer for the sale or exchange of an asset,

such  as  cash,  property,  services received,  or  debts assumed  by  a  buyer.  Cf.  GAIN(3);  LOSS(2).

[Cases:  Internal  Revenue    3194;  Taxation    996.  C.J.S.  Internal  Revenue  §  113;  Taxation  §§

1732–1733.] [Blacks Law 8th]