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Calculator
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?
The 1031 Exchange Center LLC is an IRS Qualified Intermediary that is not permitted to give legal or tax advice. Please consult with your legal or tax advisors concerning your specific case. But for a complimentary confidential evaluation, please click the button below.