realization of gain
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 309 U.S. 461 - Helvering v. Bruun · 1940Most cited · 294 citing opinions
it is settled that the realization of gain need not be in cash derived from the sale of an asset. Gain may occur as a result of exchange of property, payment of the taxpayer's indebtedness, relief from a liability, or other profit realized from the completion of a transaction.