Here's an EXAMPLE of Your Property Sale Enter your information in the fields below. Estimated capital gain and tax amounts – with and without 1031 Exchange – will be shown in the lower tables.Original purchase priceCapital improvementsAccumulated depreciationSales priceSelling expensesLoan balance at saleState capital gain tax rate (%)CaliforniaHawaiiNew JerseyOregonMinnesotaNew YorkVermontIowaWisconsinMaineSouth CarolinaConnecticutIdahoArkansasMontanaNebraskaDelawareWest VirginiaLouisianaRhode IslandMarylandVirginiaGeorgiaKansasMissouriNorth CarolinaMassachusettsAlabamaKentuckyOhioOklahomaMississippiIllinoisUtahNew MexicoColoradoArizonaMichiganIndianaPennsylvaniaNorth DakotaAlaskaFloridaNew HampshireNevadaSouth DakotaTennesseeTexasWashingtonWyomingGain from appreciation in value subject to capital gainGain from depreciation allowed subject to depreciation recaptureGain subject to state capital gainEstimate Sale without 1031 Exchange Is subject to a 20% tax capital gain, 25% tax on depreciation recapture, state tax and 3.8% NII / Affordable Care Act taxA 20% tax capital gainB 25% tax on depreciation recaptureC State tax capital gain3.8% NII / Affordable Care Act taxTotal hypothetical taxes REALLY! What Are My Options? Net amount for ReinvestmentSale with 1031 Exchange A Tax capital gainB Tax on depreciation recaptureC State tax capital gainTotal hypothetical taxesNet amount for ReinvestmentThis estimator is provided to illustrate potential taxes to be paid in a taxable sale (versus a 1031 exchange). This simplified estimator is for example purposes only. Since the calculation of taxes involves many factors and your individual situation may require additional variables not included in this illustration, speak to your tax or legal advisors. Caitlin John does not warrant or represent the accuracy of the calculations, answers or information provided.Yes, we can help! Call now 810-355-1325Hello, I'm* I'm interested in1031 ExchangesRetirement AccountsCollege SavingsAnnuitiesMutual FundsManaged AccountsPrivate PlacementsReal EstateTaxesOtherplease reach me viaMy e-mailMobile phoneOffice phoneHome phonewhich is, which is,Additional Comments
