Calculate Net Adjusted Basis

Original Purchase Price (+) Capital Improvement (non-expensed) (-) Depreciation Taken Net Adjusted Basis =

Calculate Capital Gain

Sales Price (-) Net Adjusted Basis (-) Closing Costs Capital Gain on Sale =

Calculate Total Gains Taxes Due

Depreciation Recapture (Depreciation Taken x 25%) (+) Federal Gain Tax Due (select 15% or 20%) 15% 20% (+) State Gain Tax Due (enter your tax rate here) (+) Medicare Tax (select 0% or 3.8%) 3.8% 0% Total Gain Tax Due = Calculate