REAL ESTATE CALCULATORS(More Info)

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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
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