Recognized Gain
Definition of "Recognized gain"
The part of the amount received from selling or exchanging real property that is taxable income.
Popular Real Estate Terms
The definition of cooperative housing is well known by real estate agents because they are often involved in the selling process, in most cases. Cooperative housing is a form of ...
Real estate not subject to property tax such as that owned by nonprofit entities including charitable, governmental, religious institutions. ...
Structure designed to span an open space between to supporting members. ...
Nineteenth-century style home architecture featuring three dimensional ornamentation, made by hand using a chisel and gouge. ...
Raised concrete border constructed along a street or a sidewalk. A curb prevents vehicle from going on the adjacent property and sidewalks as well as directing runoff into storm drains. ...
The process of changing, updating, and altering the appearance and structural characteristics of a building. For example, John remodels the kitchen in his home by replacing the cabinets, ...
Technique used to estimate how the value of a parcel of land will affect its ability to support a given commercial improvement leaving sufficient residual net income to maintain adequate ...
Loose combination of small rocks and pebbles used for a gutter, driveway, landscaping, or roadbed. ...
Foreign-born individual not qualifying as a citizen of the country in which he or she resides. ...
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