Capital Gains Calculator 1. Calculate Net Adjusted Basis Orignal Purchase Price $ Plus Capital Improvements $ Minus Depreciation Claimed $ NET ADJUSTED BASIS $ 2. Calculate Capital Gains Sales Price of Property Sales Price $ Minus Net Adjusted Basis $ Minus Costs of Sale (fees, commissions, etc.) $ CAPTIAL GAIN (less depreciation) $ 3. Calculate Capital Gain Tax Due Recaptured Depreciation (25%) $ Plus Federal Capital Gain Rate (15%) $ Plus State Capital Gain Rate in %. . % Plus State Capital Gain Rate converted to Dollars. $ TOTAL TAX SAVINGS $
