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Tax Gain Calculator PDF Print E-mail

Estimating the Capital Gain Tax on the Sale of Investment Property

Please note that no field may be left blank and that no commas or dollar signs should be used when inputting numbers. Use zeros when necessary.
STEP 1. Calculate Net Adjusted Basis
$ original purchase price
+$ improvements
-$ depreciation
EQUALS NET ADJUSTED BASIS
STEP 2. Calculate Capital Gain Sales Price of Property
$ sales price
-$ net adjusted basis
-$ costs of sale (commissions, fees, etc.)
EQUALS CAPITAL GAIN
STEP 3. Calculate Capital Gain Tax Due
$ recaptured depreciation (25%)
+$ federal capital gain tax (15%)
 

 %

 your state capital gain tax rate
+$ state capital gain tax
EQUALS TOTAL TAXES DUE
STEP 4. Calculate Equity
$ sales price
-$ costs of sale
-$ loan balances
EQUALS GROSS EQUITY
-$ capital gain taxes due
  EQUALS AFTER-TAX EQUITY
 
 
 

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