Don't Let Taxes Eat Your Profits: Estimate Your Capital Gains
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Thinking about selling an investment property?
Download our simple worksheet to calculate your potential tax liability.
Selling an investment property is a big financial decision. The last thing you want is a surprise bill from the IRS after closing. Before you list your property, it is crucial to understand your potential tax liability and how much equity you could save by using a 1031 Exchange.
We have created a calculator to help you estimate the potential capital gains tax. The calculation can be broken down into four simple steps:
If you have any questions, please contact us today and we'll be happy to offer you a free initial consultation.
Download our simple worksheet to calculate your potential tax liability.
Selling an investment property is a big financial decision. The last thing you want is a surprise bill from the IRS after closing. Before you list your property, it is crucial to understand your potential tax liability and how much equity you could save by using a 1031 Exchange.
We have created a calculator to help you estimate the potential capital gains tax. The calculation can be broken down into four simple steps:
- Determine Your Basis: Figure out what you actually invested in the property (purchase price + improvements).
- Calculate Your Gain: See the difference between what you're selling for and what you invested.
- Estimate the Tax Hit: See the potential Federal and State taxes you might owe if you cash out.
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See the 1031 Difference: Compare your "After-Tax Equity" (cash in pocket) versus the full equity you would keep through a 1031 Exchange.
If you have any questions, please contact us today and we'll be happy to offer you a free initial consultation.
(Disclaimer: This tool is for estimating purposes only. Please consult your accountant or tax professional for an exact figure. This calculator does not calculate the numbers for you automatically.)