What If Realized Prepayments Are Faster Than Our Projections Going Forward Form

Instructions and help about What If Realized Prepayments Are Faster Than Our Projections Going Forward

hello and welcome to this session in which we will discuss the concepts of gains and losses in property transaction specifically we're going to be focusing on one aspect of this and this is called the amount realized so whether you are a CPA candidate or an enrolled agent or an accounting student taking a tax course the concept of gains and losses is extremely important in property transaction so when you sell a property well you might have either a gain or a loss as a result of this transaction and it's very important that you distinguish between the realized gain and loss and the recognized gain and loss from this property so we're gonna have some some of it will be realized and some of it will be realized and recognized well what happened if it's not realized and recognized it will be deferred so the gain slash loss realize represent the amount actually realized it means what actually happened what's the actual gain or the actual loss now sometimes this gain or loss may be recognize