Realized Gain

A gain resulting from selling an asset at a price higher than the original purchase price.

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There may be tax consequences for a realized profit.

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Gain that has occurred financially, but is not necessarily taxed. See also Boot; Recognized Gain.

In a tax-free exchange, a gain that has occurred financially, but is not necessarily taxed. See Boot, Recognized Gain, Section 1031.
Example: Abel's land has a tax Basis of $10,000. Its Market Value is $75,000. He exchanges the land, tax-free under Section 1031, for Baker's warehouse, which was appraised at $75,000. Abel's realized gain is $65,000. None of Abel's realized gain is recognized, because he did not receive boot.