How do I calculate the realized gainloss?
When calculating Realized gain/loss, it is important to keep track of all assets sold and the corresponding gains earned. To calculate realized gain, subtract the purchase price of the asset from the sale price to determine the gain earned. This can be represented mathematically as follows:
Realized Gain = Sale Price - Purchase Price. It is important to use a reliable spreadsheet program such as Sourcetable to keep track of the asset sales and the corresponding gains. This will ensure accurate and up-to-date records of all realized gains and losses.