Steers, Pigs, Lambs Bring Big Bucks At Youth Auction Aug 22, 2008
The gross amount realized by the 126 animals going up for bid came to $124,279. 90. (Fulton County News, PA)
Today's tax question: Mar 18, 2008
You determine your gain based upon the amount realized. Per IRS Publication 523, the amount realized equals the gross proceeds minus "selling expenses," and commissions are considered a "selling expense". (USA Today -- Money)
Aurcana Corporation: Revised Alacran 43-101 Reserves Jan 26, 2008
Net Smelter Return - corresponds to the amount realized from the sale of mineral products to the smelter, based on the market price at the time of delivery of the finished product after deducting all smelting, refining and transportation costs, charges, recoveries and penalties as defined in the smelter contract. No onsite costs are included. (CCNMatthews Press Releases)
Emergis Reports Third Quarter 2007 Financial Results Nov 2, 2007
6) Amount realized in net income during the period 0 ... 6) Amount realized in net income during the nine-month period 0. (CCNMatthews Press Releases)
Short on Sales Doesn't Equal Going After Short Sales Oct 30, 2007
the bank will vigorously pursue the asset(s) to bridge the amount owed with the amount realized by the short sale. The paperwork required to justify the bank's willingness to negotiate a short sale will take the better part of a 16-hour day to complete. (RealtyTimes)
Jannock Properties Limited Reports September 30, 2007 Results Oct 29, 2007
The ultimate amount realized and the timing of recovery is uncertain and could differ from current estimates. 8. (CCNMatthews Press Releases)
Xceed Mortgage Reports Fiscal 2007 Third Quarter Sep 13, 2007
The level of revenue growth reflects the decrease in the amount realized from the sale of mortgages and residual securitization income in the 2007 third quarter and slight increase for the nine-month period. The net gain realized was 3. (Canada Newswire)
Housing Counsel: No Deductions For Loss on Your Own Home Aug 6, 2007
Minus amount realized from sale: 55,000. Your deductible loss: $2,380. (RealtyTimes)
Chamber hosts meeting on new tax May 11, 2007
A ross receipt means the total amount realized by a taxpayer without deduction for the cost of goods sold or other expenses incurred, including the fair-market value of any property and any services received and any debt transferred or forgiven as consideration. Gross receipts include amounts realized from the sale, exchange or other disposition of a taxpayer's property, performance of services for another or another's use or possession of the taxpayer's property or capital. (Olney Daily Mail, IL)
Housing Counsel: Capital Gains Tax and Depreciation Feb 19, 2007
Selling Price - Selling Expense = Amount Realized. Amount Realized - Adjusted Basis Gain (or loss) ... To determine the amount realized you deduct these costs ($35,000) from the selling price, and come up with $600,000. (RealtyTimes)
