|
|
|---|---|
| REAL ESTATE CALCULATORS(More Info) | |
Example Report |
You have selected to determine the outcome from the sale of a rental property. This model / calculator will help you determine the tax consequences of selling your rental property and the net proceeds after 1) deducting your first and second mortgages, 2) deducting any possible capital gains taxes 3) deducting any real estate broker fees and 4) deducting any depreciation recapture taxes. Below is an example. Now click "Go" and you will be prompted to input the appropriate information. Once you have input the appropriate information, click "submit" for the results. If you would prefer to determine the same results for a non rental property or part rental / part non rental property, then click "sale of real estate" from the above menu. This will take you to a drop down menu where you can select your desired property classification. |
Try It : |
Real Estate Calculators / Sale Of Real Estate / Rental Property
PROCEEDS FROM SALE |
|
Value |
500,000 |
Mortgage (First) |
230,000 |
Mortgage (Second) |
20,000 |
Equity |
250,000 |
R.E. Brokers Fees @ 4.50% |
22,500 |
Proceeds After Mort. and RE Fees |
227,500 |
Total Estimated Deferred Tax Liability |
39,182 |
Net Proceeds After Taxes |
188,318 |
PROPERTY BASIS |
|
Value |
500,000 |
Less Cost Basis |
380,000 |
Less Cost Basis |
20,000 |
Less R.E. Brokers Fees @ 4.50% |
22,500 |
Long Term Capital Gain/Loss |
77,500 |
Accumulated Depreciation |
75,000 |
DEFERRED TAXES |
|
Fed. LT Capital Gains Tax @ 15.00% |
11,625 |
State Capital Gains Tax @ 6.85% |
5,309 |
Fed. Depreciation Recapture @ 25.00% |
18,750 |
State Depreciation Recapture @ 6.85% |
5,137 |
Total Estimated Deferred Tax Liab. Before Adj. For Any Loss Carry Forward |
40,821 |
Loss Carryforward |
-7,500 |
Estimated Offset To Tax Liab. Due To Loss Carryforward @ (15.00% + 6.85%) |
-1,639 |
Total Estimated Deferred Tax Liability |
39,182 |
| Analytical Finances, Inc. Contents © 2005 - 2007 |
|---|
 |
|
 |
 |
 |
|