We are not tax advisors, this information is for you to review with your tax counsel

Mortgage Balance $[308 thousands_sep=”,”]
Year Purchased [309]
Real Estate Commission [312]%
Sales Price $[314 thousands_sep=”,”]
Selling Expenses [323 thousands_sep=”,”]
Total Selling Expenses [324 thousands_sep=”,”]
Net Sales Proceeds [325 thousands_sep=”,”]
Cost Basis $[315 thousands_sep=”,”]
Cost of Improvements $[316 thousands_sep=”,”]
Depreciation [327 thousands_sep=”,”]
Net Adjusted Basis [328 thousands_sep=”,”]
Taxable Gain [329 thousands_sep=”,”]
Homeowner’s Exclusion [330 thousands_sep=”,”]
Total Subject to Tax [331 thousands_sep=”,”]
Federal Tax Calculation Value
Taxable Gain [347 thousands_sep=”,”]
Tax Rate [313] [313 show=”value”]
Federal Cap Gains Due [344 thousands_sep=”,”]
State Tax Calculation Value
Net Sales Proceeds [325 thousands_sep=”,”]
Net Adjusted Basis [328 thousands_sep=”,”]
Taxable Gain [329 thousands_sep=”,”]
Homeowners Exclusion [330]
Taxable Gain [331]
CA 13.3% 0.133
State Tax Due [350 thousands_sep=”,”]
Net Investment Income Tax Value
Taxable Gain [329 thousands_sep=”,”]
200,000 OR 250,000 [322 thousands_sep=”,”]
Taxable Amount [353 thousands_sep=”,”]
Tax Rate 0.038
Total [355 thousands_sep=”,”]
Debt over basis tax? [363]
Existing Mortgage minus Adj. Basis [363]
Possible additional tax [364]
Total Tax to Bill [if 364 greater_than=”0″][341] [else] [359] [/if 364]
Projected Tax Bill Value
Federal [344]
State [350]
NIIT [355]
Depreciation Recapture 25% [358]
Total Tax to Bill [359 thousands_sep=”,”]
% of Profit to Taxes [360]%