Gains Calculator
Please enjoy our free Gains Calculator that we designed for you.
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Realty Exchange Corporation has created this simple Capital Gain Analysis Form and Calculator to estimate the tax impact if a property is sold and not exchanged, and to calculate the reinvestment requirements for a tax-free exchange. See below for an example and explanation.
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Fill in the fields below with your numbers and the calculator will generate an estimate of your results:
| A. Taxable Gain if property is sold: | |||
| 1. | SELLING PRICE | ||
| 2. | Subtract Selling Costs | + | |
| 3. | ADJUSTED SELLING PRICE | = | |
| 4. | ORIGINAL COST BASIS | ||
| 5. | Add Improvements | ||
| 6. | COST BASIS + IMPROVEMENTS | ||
| 7. | Subtract All Depreciation Authorized/Taken | ||
| 8. | ADJUSTED BASIS (subtract from Line 3) | = | |
| 9. | TOTAL TAXABLE CAPITAL GAIN if property is sold (or deferred if property is exchanged) | = | |
| B. Tax on Gain: (Note 3) | |||
| 10a. | Capital Gain Tax on Profit (Line 3 less Line 6 × 15%) | ||
| 10b. | Recapture Section 1250 Depreciation (Line 7 × 25%) | + | 1250 |
| 11. | Your State Income Tax Rate (Note 5) | ||
| 12. | ESTIMATED TAX due if property is sold (or amount deferred if exchanged) (Note 6) | = | |
| C. Before and After Tax Proceeds | |||
| 13. | SELLING PRICE (Line 1) | ||
| 14. | Subtract Balance Due on All Loans | - | |
| 15. | EQUITY | - | |
| 16. | Subtract Selling Costs (Line 2) | - | |
| 17. | Proceeds Before Tax (cash to escrow in an exchange) | = | |
| 18. | Subtract Total Tax Due (Line 12) (Note 6) | - | |
| 19. | Net Sale Proceeds After Tax if property is sold | = | |
| D. Exchange Reinvestment Requirements | |||
| For deferral of all gain, the replacement propertiy(ies) must cost at least (Line 3): | |||
| The amount of cash that you must reinvest must be at least (Line 17): | |||
| The balance of funds needed to purchase the new property(ies) may be borrowed or new cash. | |||