Tax Calculator

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: