unrecognized gain


A gain resulting from the sale of property or a security in which the tax on the gain is deferred until it is actually recognized. In real estate, an exchange of one property for another could result in a gain that would not be recognized until the sale of the replacement property. In securities, a gain in a position that is a part of an identified straddle need not be reported. In both cases the unrecognized gain is cost basis of the original asset are carried forward to the new asset.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
unrecaptured Section 1250 gain unrecorded deed