Explain the difference between realized gain and recognized gain. On which one do taxpayers pay tax? Tax It is the levy mandated by the government. It can be a state-level or national-level levy. It is the main income for the governments. The collection of the...
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asset has beenowned. A realized gain from an asset owned longer than one year is usually taxed at the capital gains rate, while an asset owned for a period shorter than a year is often subject to the higherincome taxrate. It is also called the recognized gain. See also:Unrealized gain....
See Also: Accounting Income vs Economic Income Capital Gains Proforma Earnings Operating Income Net Income Asset Market Value vs Asset Book Value Realized and Unrealized Gains and Losses Explanation In accounting, there is a difference between realized a
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