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

Mortgage Balance $1,000,000
Year Purchased 1915
Real Estate Commission 5.00%
Sales Price $4,000,000
Selling Expenses $
Total Selling Expenses $
Net Sales Proceeds $
Cost Basis $250000
Cost of Improvements $100,000
Depreciation $
Net Adjusted Basis $
Taxable Gain $
Homeowner’s Exclusion $
Total Subject to Tax $
Federal Tax Calculation Value
Taxable Gain $
Tax Rate 20% 0.20
Federal Cap Gains Due $
State Tax Calculation Value
Net Sales Proceeds $
Net Adjusted Basis $
Taxable Gain $
Homeowners Exclusion $
Taxable Gain $
CA 13.3% 0.133
State Tax Due $
Net Investment Income Tax Value
Taxable Gain $
200,000 OR 250,000 $
Taxable Amount $
Tax Rate 0.038
Total $
Debt over basis tax? $750,000.00
Existing Mortgage minus Adj. Basis $750,000.00
Possible additional tax $ 14,700,000.00
Total Tax to Bill $
Projected Tax Bill Value
Federal $
State $
NIIT $
Depreciation Recapture 25% $0
Total Tax to Bill $
% of Profit to Taxes %