1031 – Calculator

These calculations show the approximate capital gain taxes deferred by performing an IRC 1031 exchange. Please enter your figures in the fields provided (enter numbers with no commas or dollar signs, for example: 300000) and click on the “Calculate” button in each area to perform the calculations.

1. CALCULATE ADJUSTED BASIS
Original Purchase Price
 $
plus Improvements
+ $
minus Depreciation
 – $
= ADJUSTED BASIS  = $
2. CALCULATE CAPITAL GAIN SALES PRICE OF PROPERTY
Sales Price $
minus Adjusted Basis – $
minus Costs of Sale (commissions, fees, etc.) – $
= CAPITAL GAIN  = $
3. CALCULATE CAPITAL GAIN TAX DUE
Recaptured Depreciation (25%) $
plus Applicable Federal Capital Gain Rate*
(select 15% or 20%)
tax %
+ $
plus Applicable Obama Care Surcharge
(select 0 or 3.8%)
tax %
= TOTAL TAXES DUE = $

 

*The Federal capital gain tax rate is generally 15% or 20% depending upon taxable income. Single taxpayers with over $400,000 in taxable income and taxpayers filing as married filing jointly with over $450,000 in taxable income pay the higher 20% capital gain tax rate.