Excel Empire

Prepared For:
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little india, Texas
Input Summary:
Sales Price: $1,000,000.00
Real Estate Commission (%): 5%
Mortgage Balance: $250,000.00
Year Purchased: 2000
Property State: Texas

Sales Summary

Sales Price: $1,000,000.00
Real Estate Commission: $50,000.00
Other Expenses : $
Total Expenses: $
Net Sales Proceeds: $
Cost basis: $450,000.00
Cost Of Improvements: $100,000.00
Depreciation: $
Net Adjusted Basis: $
Taxable Gain: $
Homeowner’s Exclusion: $
Total Subject to Tax: $

Depreciation

Residential:
Cost Basis: $
Depreciable Amt: $
Annual Depreciation: $
Year of Purchase:
Years Owned:
Taken to Date: $
Commercial:
Cost Basis: $450,000.00
Depreciable Amt: $
Annual Depreciation: $
Year of Purchase: 2000
Years Owned:
Taken to Date: $

Tax Calculation

Federal:
Net Sales Proceeds: $
Net Adjusted Basis: $
Taxable Gain: $
Federal Tax Rate: 20%
Federal Capital Gains Due: $
State:
Net Sales Proceeds: $
Net Adjusted Basis: $
Taxable Gain: $
Home Owner’s Exclusion: $
ST Tax Rate @ 0.00%: 0.000007
State Tax Due: $

Projected Tax Bill

Federal: $
State: $
NIIT: $
Depr Recapture (25%): $
Debt Over Basis (39.6%): $
Total Taxes Owed : $
% Profit to Tax : %

*** We are not tax advisors. Review this information with your tax counsel. ***

Excel Empire

Our services encompass all facets of specialized tax planning. Through our forensic evaluation, we pinpoint your greatest inefficiencies and provide a comprehensive overview of available opportunities within the Internal Revenue Code. This ensures that you have the most optimized positioning available to minimize your tax burden effectively.

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