Definition of Amount realized:
The amount realized does not include transaction costs such as commissions and other related fees. The term realized income is different than amount realized. Realized income is money you receive for goods or services.
Actual amount obtained from the sale of a good or service, or the fair market value received from an exchange. Computed usually for taxation purposes.
Amount realized is the amount received from the sale of an asset. The amount realized encompasses all forms of compensation, including cash, the fair market value of any property received, and any liabilities that the purchaser assumes as a result of the transaction.
Meaning of Amount realized & Amount realized Definition