The Property You Are Selling

Expected sale price

Selling costs (%)

Original purchase price

Capital improvements

Depreciation taken

Loan balance at sale

Depreciation taken is on your tax returns (Form 4562 history or the depreciation schedule). If you never checked, your CPA has it, and the IRS assumes you took it whether you did or not.

Tax Rates

Federal capital gains (%)

State rate (%)

Apply the 3.8% net investment income tax (income over $200k single / $250k joint)

Depreciation recapture is fixed at 25% federal. Illinois taxes gains as ordinary income at 4.95%.

The Replacement Property

Replacement purchase price

New loan amount

Expected closing date of your sale

Reset to defaults

The Exchange

Tax deferred

Tax if you just sold

Tax due now (boot)

Equity to reinvest

Minimum replacement

New basis

The Gain

Full Deferral Tests & Deadlines Full Report

The layer-by-layer tax build-up, the three full-deferral tests with your boot exposure, your 45-day and 180-day deadline dates, and a printable summary for your CPA and Qualified Intermediary.

Free with your email. We send the report and never spam you.

The Tax Being Deferred, Layer by Layer

The Three Full-Deferral Tests

Boot is anything of value you take out of the exchange: cash you keep, or debt that goes away without cash replacing it. Gain is recognized to the extent of boot, recapture first.

1031 Exchange Calculator