1. Original Purchase Price $
2. Estimated land value, if any, at time of purchase
3. Plus Improvements +
4. Calculate Depreciation:
Commercial
Residential
Years owned
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40+
5. Minus Depreciation -
6. Net Adjusted Basis =
7. Sales Price $
8. Minus Costs of Sale (commissions, fees, etc.) -
9. Minus Net Adjusted Basis -
10. Capital Gain =
11. Depreciation Recapture (25%)
12. Plus Federal Capital Gain Rates (15%) +
13. State in which taxes would be paid:
Select State
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
DC
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
14. Plus State Capital Gain Rates +
15. Capital Gain Taxes Deferred by doing a
:
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