Definitions for "Amount Realized"
Applies in calculating gain or loss realized by a taxpayer who sells or exchanges an asset. The “amount realized” is the amount received by a taxpayer on the sale or exchange: the sum of cash and other property or services received, plus any debt of the seller that is taken over by the buyer. The realized gain or loss (i.e., profit or loss for tax purposes) is, generally, the amount realized minus the asset’s adjusted basis.
The amount realized from a sale or trade of property is everything you received for the property. This includes the money you received plus the fair market value of any property or services received.
The total value of everything you received from a sale or trade of property. This includes the money you received plus the fair market value of any property or services received.