|
Net Adjusted Basis Calculation
|
|
Original Purchase Price of Relinquished Property
|
$
|
| Add: |
Improvements (not expensed) |
|
| Less: |
Depreciation |
|
| Equals: |
Net Adjusted Basis |
|
| |
|
Capital Gain Sales Price
|
|
Sales Price of Relinquished Property
|
|
| Less: |
Net Adjusted Basis |
|
| Less: |
Cost of Sales (ie. commissions) |
|
| Equals: |
capital Gain |
|
| |
|
Capital Gain Tax Due |
| Add: |
Federal capital Gain Rate (15%) |
|
| Add: |
State capital Gain Rate
enter rate: %
|
|
| Equals: |
Total capital Gain Tax Due |
$
|
| |
|
|
