Original purchase price ($)
Capital improvements ($)
Accumulated depreciation ($)
Sales price ($)
Selling expenses ($)
Federal capital gains rate (%)
State capital gains rate (%)
ObamaCare tax rate (%)
Loan balances at sale ($)
Net adjusted basis
$100000
Capital gain
$100000
Depreciation recapture (25%)
$100000
Federal capital gains tax
$100000
State capital gains tax
$100000
Total taxes due
$100000
Gross equity
$100000
After-tax equity
$100000
Sale reinvestment
$100000
Exchange reinvestment
$100000

DISCLAIMER:

To ensure compliance with requirements imposed by the IRS, we inform you that the information posted at this website does not contain anything that is intended as legal or tax advice, and that nothing herein can be relied upon as legal or tax advice. Further, the IRS wants us to let you know that nothing herein can be used for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any tax-related matter addressed herein. If assisting with your Section 1031 tax-deferred exchange, Safe Harbor Asset Management cannot advise the owner concerning specific tax consequences or the advisability of a tax-deferred exchange for tax purposes. We recommend that anyone contemplating an exchange seek the advice of an accountant and/or attorney.