Realized gain or loss is measured by the difference between the amount realized from the sale or other disposition of property and the property's adjusted basis at the date of disposition. If the buyer assumes the seller's liability on the property acquired, the buyer's amount realized is increased by the amount of the liability assumed. A realized gain on the sale or exchange of a personal use asset is recognized, but a realized loss is not recognized.
Realized gain or loss is measured by the difference between the amount realized from the sale or other disposition of property and the property's adjusted basis at the date of disposition. If the buyer assumes the seller's liability on the property acquired, the buyer's amount realized is increased by the amount of the liability assumed. A realized gain on the sale or exchange of a personal use asset is recognized, but a realized loss is not recognized.
Realized gain or loss is measured by the difference between the amount realized from the sale or other disposition of property and the property's adjusted basis at the date of disposition. If the buyer assumes the seller's liability on the property acquired, the buyer's amount realized is increased by the amount of the liability assumed. A realized gain on the sale or exchange of a personal use asset is recognized, but a realized loss is not recognized.