Property You Are Selling
Assumed Sale Price:
$
Selling Expenses at:
Total Selling Expenses:
Net Sales Proceeds:
Cost Basis: $
Cost of Improvements: $
Depreciation Taken To Date: $
Net Adjusted Basis:
Taxable Gain:
Total Gain Subject to Capital Gains Tax:
Federal Tax Calculation
Taxable Gain:
Federal Capital Gains Tax Due:
State Tax Calculation
State Tax Due:
Net Investment Income Tax
Taxable Amount:
Tax Rate: 3.8%
Added Tax:
Projected Federal & State Tax Due
Depreciation Recapture (25%):
Projected Federal & State Tax Due:
Mortgage Payoff:
$
Proceeds Without Tax Planning
Net Before-Tax Profit:
Net After-Tax Profit at Close of Escrow:
Percentage of Profit Going To Tax: