Learn, remember, and master the hundreds of tax terms that are used and created each day. Each one of our accounting tax terms are reviewed and written to be understood from bookkeepers to cpas to accountants alike.
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Realized income is the return or profit that is actually earned or collected over a given time period. An example would be realized income on a sale of common stock. Unrealized income would be the market appreciation of a given stock but has not been sold.
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