| 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]% |