Original purchase price ($)
Capital improvements ($)
Accumulated depreciation ($)
Sales price ($)
Selling expenses ($)
Federal capital gains rate (%)
State capital gains rate (%)
ObamaCare tax rate (%)
Loan balances at sale ($)
Net adjusted basis
$1,050,000
Capital gain
$190,000
Depreciation recapture (25%)
$12,500
Federal capital gains tax
$28,500
State capital gains tax
$15,200
Total taxes due
$50,920
Gross equity
$740,000
After-tax equity
$689,080
Sale reinvestment
$689,080
Exchange reinvestment
$740,000