Recognized gain is

1. The taxable portion of the realized gain.
2. The taxable amount that could be as much as realized gain.

c. It's the amount recorded as taxable income in the tax return

d. All of the above.

13. Recognized gain is a. The taxable portion of the realized gain. b. The taxable amount that could be as much as realized gain. (c) It's the amount recorded as taxable income in the tax return d. All of the above