How is Capital Gains Calculated?
This capital gains tax 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 the effects of the alternative minimum tax on any other capital gains you would realize.
The default values below illustrate the potential gains and their associated taxes, fill in your own values to get your customized estimate.
THIS CALCULATOR PROVIDES AN APPROXIMATE ESTIMATE. Please consult your Tax Advisor for an accurate calculation based upon your specific situation
Benefit of Exchanging vs. Selling$
of additional equity available to reinvest through a 1031 exchange
*Federal 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 s Tax is between 15-20% depending upon annual household income.
** State 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 s Tax varies by state and income level, 5% is just an estimate used as the default above.
*** Net Investment Income Tax of 3.8% is applied if annual investment income is $200,000+ for a single taxpayer or $250,000+ for married taxpayers filing jointly.