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2. Amount realized - Wikipedia

   en.wikipedia.org/wiki/Amount_realized

   Amount realized, in US federal income tax law, is defined by section 1001(b) of Internal Revenue Code. It is one of two variables in the formula used to compute gains and losses to determine gross income for income tax purposes.

3. Realization (tax) - Wikipedia

   en.wikipedia.org/wiki/Realization_(tax)

   Realization, for U.S. Federal income tax purposes, ... Amount Realized This page was last edited on 8 September 2021, at 16:15 (UTC). Text is available under the ...

4. Adjusted basis - Wikipedia

   en.wikipedia.org/wiki/Adjusted_basis

   After three years his adjusted tax basis is $655,000 = $100,000 + $600,000 - (3 x $15,000). Adjusted basis is one of two variables in the formula used to compute gains and losses when determining gross income for tax purposes. The Amount Realized – Adjusted Basis tells the amount of Realized Gain (if positive) or Realized Loss (if negative).

5. Recognition (tax) - Wikipedia

   en.wikipedia.org/wiki/Recognition_(tax)

   In such cases, where the taxpayer is merely continuing his investment, it makes sense to defer the recognition of any gain or loss realized until the taxpayer truly ends the investment. Internal Revenue Code sections 1031 through 1045 [ 2 ] provide the most commonly implicated nonrecognition rules, including the section 1031 rule for Like-Kind ...

6. Cost basis - Wikipedia

   en.wikipedia.org/wiki/Cost_basis

   Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation.When a property is sold, the taxpayer pays/(saves) taxes on a capital gain/(loss) that equals the amount realized on the sale minus the sold property's basis.

7. Most Americans Don’t Know the Standard Tax Deduction Amount ...

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8. Billionaires are fuming about Kamala Harris’s ‘unrealized ...

   www.aol.com/finance/billionaires-fuming-kamala...

   Hence, even after paying the min-tax, the rich person would get pounded by an additional tax of 14.6% on the sale (the difference between the 25% min-tax and the 39.6% that the Green Book advocates).

9. Internal Revenue Code section 61 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Section 61 of the Internal Revenue Code (IRC 61, 26 U.S.C. § 61) defines "gross income," the starting point for determining which items of income are taxable for federal income tax purposes in the United States. Section 61 states that "[e]xcept as otherwise provided in this subtitle, gross income means all income from whatever source derived