residential commercial
$
original purchase price
+$
improvements
how many years owned
ESTIMATED DEPRECIATION
NET ADJUSTED BASIS
sales price
-$
net adjusted basis
costs of sale (commissions, fees, etc.)
CAPITAL GAIN
recaptured depreciation (27%)
federal capital gain tax (17%)
Alabama (5%) Alaska (0%) Arizona (4.79%) Arkansas (4.9%) California (9.3%) Colorado (4.63%) Connecticut (5%) Delaware (5.95%) DC (8.7%) Florida (0%) Georgia (6%) Hawaii (8.25%) Idaho (7.8%) Illinois (3%) Indiana (3.4%) Iowa (8.98%) Kansas (6.45%) Kentucky (6%) Louisiana (6%) Maine (8.5%) Maryland (4.75%) Massachusetts (5.3%) Michigan (3.9%) Minnesota (7.85%) Mississippi (5%) Missouri (6%) Montana (6.9%) Nebraska (6.84%) Nevada (0%) New Hampshire (0%) New Jersey (8.97%) New Mexico (5.3%) New York (6.85%) North Carolina (8%) North Dakota (5.54%) Ohio (6.87%) Oklahoma (6.65%) Oregon (9%) Pennsylvania (3.07%) Rhode Island (5.1%) South Carolina (3.92%) South Dakota (0%) Tennesee (0%) Texas (0%) Utah (6.98%) Vermont (4.8%) Virginia (5.75%) Washington (0%) West Virginia (6.5%) Wisconsin (2.7%) Wyoming (0%) state capital gain tax rate (long term)
state capital gain tax
TOTAL TAXES DUE
costs of sale
loan balances
GROSS EQUITY
capital gain taxes due
AFTER-TAX EQUITY