REAL ESTATE CALCULATORS(More Info)

 
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You have selected to determine the outcome from the sale of a part rental / part non rental property which could be your primary residence as well as contain several rental units. This model / calculator will help you determine the tax consequences of selling your part rental / part non 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.

In order to determine any capital gains taxes you need to determine your cost basis and whether you will qualify for a capital gains tax exclusion for the non rental portion of the property. 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 solely for a rental property or 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.

 
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The below calculator / model is applicable to small investors that are considering selling a multi family property that is part rental and part non rental property. This calculator / model separates out the rental portion of the property from the non rental portion of the property. It will apply different tax considerations to the rental portion and non rental portion in deriving the net proceeds from a sale.

Real Estate Calculators / Sale Of Real Estate / (Part Rental/Part Non-Rental Property)

PROCEEDS FROM SALE
 
(Con-solidated) (c)(d)
100%
(Non-Rental) (a)(d)
25%
(Rental)
(b)(d)
75%
Value
500,000
125,000
375,000
Mortgage (First)
230,000
57,500
172,500
Mortgage (Second)
20,000
5,000
15,000
Equity
250,000
62,500
187,500
R.E. Brokers Fees @ 4.50%
22,500
5,625
16,875
Proceeds After Mort. and RE Fees
227,500
56,875
170,625
Total Estimated Deferred Tax Liab.(d)
39,182
4,233
34,949
Net Proceeds After Taxes
188,318
52,642
135,676
PROPERTY BASIS
 
(Con-solidated)
100%
(Non-Rental) (j)
25%
(Rental)
(k)
75%
Value
500,000
125,000
375,000
Less Cost Basis (Purchase Price)
380,000
95,000
285,000
Less Cost Basis (Rehab Costs)
20,000
5,000
15,000
Less R.E. Brokers Fees @ 4.50%
22,500
5,625
16,875
LT Capital Gain/Loss
77,500
19,375
58,125
Reduced By Any Exclusion
0
0
N/A
Taxable Gains After Any Exclusion
77,500
19,375
58,125
Acc. Depr.
75,000
N/A
75,000
DEFERRED TAXES
 
(Con-solidated)
100%
(Non-Rental) (l)
25%
(Rental)
(m)
75%
Fed. LT Capital Gains Tax @ 15.00%
11,625
2,906
8,719
State Capital Gains Tax @ 6.85%
5,309
1,327
3,982
Fed. Depr. Recapture @ 25.00%
18,750
N/A
18,750
State Depr. Recapture @ 6.85%
5,137
N/A
5,137
Total Estimated Deferred Tax Liab. Before Adj. For Any Loss Carryforward
40,821
4,233
36,588
Loss Carryforward
(n)
N/A
-7,500
Estimated Offset To Tax Liab. Due To
Loss Carryforward @ (15.00% + 6.85%)
(n)
N/A
-1,639
Total Estimated Deferred Tax Liab.
(n)
4,233
34,949
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