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Calculate Your Own Tax Estimates*
If You "sell" your Relinquished Property
What Balance After Taxes will Result
WITHOUT a 1031 and WITH a 1031 Exchange
(and WITHOUT or WITH "TAXABLE BOOT")
*These are "estimates" only (and do not include State Taxes)
Always Consult Your Accountant
| PROPERTY YOU WILL RELINQUISH | Input | |
| A | Cost of acquisition more than 1-yr ago | |
| B | Cost of added capital improvements | |
| C | Depreciation you have taken | |
| D | Balance to pay-off mortgages/liens | |
| E | IF YOU RECEIVE A TOTAL PRICE OF | |
| F | WHAT IF WITH A 1031 YOU TAKE OUT "BOOT" OF | |
| Consult your accountant | Estimates | 1031 Exchange | ||
| G | Tax Basis | XG | ||
| H | Taxable Gain Recognized | XH | ||
| J | Recapture portion of gain Recognized | XJ | ||
| K | Recapture tax at 25% | XK | ||
| L | Other appreciation Recognized | XL | ||
| M | Tax on balance of gain at 15% | XM | ||
| N | Tax on balance | XN | ||
| O | BALANCE AFTER TAXES & PAY-OFFS (with Boot) | XO* |
| *Less QI fees of about $1,100. Assumes replacement property valued not less than relinquished property and that all of the net sale proceeds were spent |
Wouldn't You Rather Have the Greater Balance to Reinvest
in Replacement Property
WITHOUT Paying Unnecessary Taxes?
Who are you?
