What is the difference between realized gain and recognized gain?

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In this video, we walk through the following:
-What is the difference between realized gain and recognized gain for tax purposes
-How to calculate realized and recognized gain
-Examples of how to report transactions on your tax return

If you’re looking for tutorials for other IRS Forms that you can file directly through the IRS website, check out our free fillable forms page: https://www.teachmepersonalfinance.co...

Here are links to articles and videos we've created about other tax forms and schedules mentioned in this video or its accompanying article:

IRS Form 8824, Like-Kind Exchanges
Article: https://www.teachmepersonalfinance.co...
Video:    • IRS Form 8824 walkthrough (Like-Kind ...  

IRS Form 6252, Installment Sale Income
Article: https://www.teachmepersonalfinance.co...
Video:    • IRS Form 6252 walkthrough ARCHIVED CO...  

IRS Schedule D, Capital Gains and Losses
Article: https://www.teachmepersonalfinance.co...
Video:    • IRS Schedule D Walkthrough (Capital G...  
Playlist:    • IRS Schedule D  

IRS Form 8949, Sales and Dispositions of Capital Assets
Article: https://www.teachmepersonalfinance.co...
Video:    • IRS Form 8949 walkthrough (Sales and ...  

IRS Form 4797, Sales of Business Property
Article: https://www.teachmepersonalfinance.co...
Video:    • IRS Form 4797 walkthrough (Sales of B...