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Prepared For:   test test   devod0485@gmail.com   9874563210   little india, Alabama

Input Summary:   Sales Price: $1,100,000.00 Real Estate Commission (%): 5% Mortgage Balance: $460,000.00 Year Purchased: 2020 Property State: Choose State

Sales Summary

Sales Price: $1,100,000.00 Real Estate Commission: $55,000.00 Other Expenses : $11,000.00 Total Expenses: $66,000.00 Net Sales Proceeds: $1,034,000.00

Cost basis: $478,000.00 Cost Of Improvements: $225,000.00 Depreciation: $0.00 Net Adjusted Basis: $703,000.00 Taxable Gain: $331,000.00 Homeowner’s Exclusion: $250,000.00 Total Subject to Tax: $81,000.00

Depreciation

Residential:   Cost Basis: $ Depreciable Amt: $ Annual Depreciation: $ Year of Purchase: Years Owned: Taken to Date: $

Commercial:   Cost Basis: $ Depreciable Amt: $ Annual Depreciation: $ Year of Purchase: Years Owned: Taken to Date: $

Tax Calculation

Federal:   Net Sales Proceeds: $1,034,000.00 Net Adjusted Basis: $703,000.00 Taxable Gain: $81,000.00 Federal Tax Rate: 20% Federal Capital Gains Due: $16,200.00

State:   Net Sales Proceeds: $1,034,000.00 Net Adjusted Basis: $703,000.00 Taxable Gain: $81,000.00 Home Owner’s Exclusion: $250,000.00 ST Tax Rate @ %: $Choose State State Tax Due: $4,050.00

Projected Tax Bill

Federal: $16,200.00 State: $4,050.00 NIIT: $0.00 Depr Recapture (25%): $0.00 Debt Over Basis (39.6%): $0

Total Taxes Owed : $20,250.00 % Profit to Tax : 25.00%

*** We are not tax advisors. Review this information with your tax counsel. ***