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
$
This formula is an estimate of your capital gain tax amount for an individual (noncorporate) taxpayer that could be deferred by using a tax deferred exchange. Using our calculator may help you determine if an exchange would be of benefit to you. Also, whether the property is owned free and clear or is encumbered by a debt will affect an exchange. For specific figures in regards to your situation please contact your CPA or tax professional.
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