|
1. Calculate Net Adjusted Basis
|
| Original
Purchase Price |
|
$ |
|
| Improvements |
|
$ |
|
| Depreciation |
|
$ |
|
| Net
Adjusted Basis |
= |
$ |
|
|
2. Calculate Capital Gain Sales Price
of Property
|
| Sales
Price |
|
$ |
|
| Net
Adjusted Basis |
|
$ |
|
| Costs
of Sale (Commissions, fees, etc.) |
|
$ |
|
| Capital
Gain |
= |
$ |
|
|
3. Calculate Capital Gain Tax Due
|
| Recaptured
Depreciation |
(25%) |
$ |
|
| Federal
Capital Gain Rate |
(20%) |
$ |
|
| Your
State Capital Gain Rate |
% |
$ |
|
| Total
Capital Gains Taxes Due |
= |
$ |
|
|
4. Calculate Equity After Capital Gains
Taxes Paid
( Assuming No Exchange)
|
| Sales
Price |
|
$ |
|
| Cost
of Sale |
|
$ |
|
| Loan
Balances |
|
$ |
|
| Gross
Equity Pre Tax |
= |
$ |
|
|
|
| Capital
Gains Taxes Due |
|
$ |
|
| Equity
After Capital Gains Taxes |
= |
$ |
|
