Do You Know How to Legally Avoid Taxes When Selling Property?

 

Capital Gains Tax (or Savings thereof) Estimator:


Transaction Facts
Address of the replacement property
Address of the relinquished property
Transaction Facts
Original Price of relinquished property
Capital Improvements to relinquished property
Accumulated Depreciation you've claimed
Adjusted basis of relinquished property

Sale price of relinquished property
Basis (cost to acquire home)
Fix-up expenses to sell property
Commission rate %
Adjusted sale price

Loan being paid off
Amount realized on sale

Gain realized on sale

Gain Calculations

Gain taxable this year
Gain on which tax is deferred
Purchase price of replacement property

Tax

Federal Tax bracket %
Federal Capital gains tax
State Tax bracket %
State Capital gains tax
Total taxes due

Net

Net available for replacement property