Capital Gains Calculator

This capital gains calculator will give you a preliminary estimate of your total state and federal tax liability without regard for any capital loss or passive loss carryovers that you may have available as offsets, or for the effects of the alternative minimum tax on any capital gain you would realize. THIS CALCULATOR PROVIDES AN APPROXIMATE ESTIMATE. Please consult your income tax advisor for an accurate calculation based upon your specific situation.

Please select the time frame within which the purchase was made, then supply each blue box with a figure. Do Not Use commas!
Property owned over 12 Months     
Property owned under 12 Months  

 
LONG TERM CAPITAL GAIN
 
1. Calculate Net Adjusted The value of the taxpayer's investment in a property. Basis
Original Purchase Price of Those certain items of real and/or personal property described in the relinquished property contract and qualifying as “relinquished property” within the meaning of Treasury Regulations Section 1.1031(k)-1(a); The "Old Asset”, property or properties given up or conveyed by a taxpayer as part of a 1031 exchange. Relinquished Property   $
Capital Improvements   $
Less: Depreciation Taken BEFORE May 7, 1997   $
Cost The value of the taxpayer's investment in a property. Basis   $
Less: Depreciation Taken AFTER May 7, 1997   $
Net Adjusted Cost The value of the taxpayer's investment in a property. Basis = $

2. Calculate Gain on Sale   
Gross Sales Price   $
Less: Cost of Sale
(commissions, fees, etc.)
  $
Net Sales Price   $
Less: Cost The value of the taxpayer's investment in a property. Basis   $
Total Calculation of the difference between the sales price of the relinquished property less selling expenses and less the adjusted basis of the relinquished property. Capital Gain = $

3. Calculate Taxes Due
Recapture of Depreciation Taken AFTER May 7, 1997 (25%)  $
Federal Long Term Calculation of the difference between the sales price of the relinquished property less selling expenses and less the adjusted basis of the relinquished property. Capital Gain Rate (15%) $
Federal Short Term Calculation of the difference between the sales price of the relinquished property less selling expenses and less the adjusted basis of the relinquished property. Capital Gain
(ordinary income tax)
%  
Your State Tax Rate  % $
Total Federal and State Taxes Due = $

4. Calculate Equity After Payment of Taxes
( assuming no exchange)
Gross Sales Price   $
Less: Cost of Sale
(commissions, fees, etc)
  $
Less: Current An amount borrowed or the balance owed on a loan, excluding interest or the money that is used to pay down the balance owed on a loan. Principal Balance of Loans   $
Gross Equity Pre Tax = $
Less: Total Federal and State Taxes Due = $
Equity After Federal and State Taxes = $

5. To Complete an Exchange Without Paying Taxes
Purchase a Those certain items of real and/or personal property qualifying as “replacement property” within the meaning of Treasury Regulations Section 1.1031(k)‑1(a) and either: (a) received by the taxpayer within the designation period in accordance with Treasury Regulations Section 1.1031(k)‑1(c)(1) or (b) identified in a written designation notice signed by the taxpayer and hand delivered, mailed, telecopied or otherwise sent to the qualified intermediary before the end of the designation period in accordance with Treasury Regulations Sections 1.1031(k)‑1(b) and (c). The definition of “replacement property” shall not include property the identification of which has been revoked by the taxpayer in accordance with Treasury Regulations Section 1.1031(k)‑1(c)(6); (“New Asset”) Property or properties properly received by a taxpayer as part of a 1031 exchange. Replacement Property or Combination of Properties Worth   $
Invest Gross Pre Tax Equity as Down Payment = $

45/180 Day Calculator

Use the tool below to calculate when the identification and exchange periods end for a given closing date. Please note that this does not take into account the exchanger's tax filing date (see below).