Lone Star Exchange Company
Estimating Capital Gain Tax

The Lone Star Exchange Company offers a easy way to find capital gain taxes. Please enter your figures in the white boxes as shown in the examples without commas or dollar signs.

1. Gross Sale Price:

 

2. Expense of Sale:

-

3. Amount Paid to Purchase Property:

-

4. Capitalized Improvement Costs:

-

5. Total Depreciation Taken:

+

6. Taxable Gain:

=

7. Federal Tax (20%):

=

8. Depreciation (25%):

=
9. Estimated Total Tax: =

Our Fee:

 

                             Or use the following:

Net Adjusted Basis:
1. Purchase Price:
2. Improvements:
3. Depreciation:
4. Net Adjusted Basis:
Capital gain Sales of Property:
5. Sales Price:
6. Net Adjusted Basis:
7. Costs of Sale( Commissions, etc.):
8. Capital Gain:
Capital gain tax due:
9. Recaptured Depreciation 25%:
10. Federal Capital Gain Rate 20%:
11. State Capital Gain Rate %:
12. Your state Tax :
13. Total Taxes Due:
After Tax Equity:
14. Loan Balances:
15. Capital Gain Taxes Due:
16. After Tax Equity:
17. Gross Equity = Net Equity:

Assumptions:

  1. Tax payer is in a 28% or higher bracket.
  2. If accelerated depreciation is used, the accelerated position is taxed at the highest tax bracket of the taxpayer.

The Lone Star Exchange Company
Qualified Intermediary for Tax-Free Exchanges Under IRC 1031
175 S. Seguin St., New Braunfels, Texas 78130
Voice: 800-839-1031 Fax: 830-625-1031
melick@texas1031.com