Real Estate Capital Gain Calculator 2017

How to Use This Calculator

To calculate your real estate capital gain for 2017, follow these steps:

1. Enter the purchase price of the property in the "Purchase Price" field.
2. Enter the sale price of the property in the "Sale Price" field.
3. Enter any additional costs associated with the sale in the "Additional Costs" field.
4. Click the "Calculate" button to see your capital gain or loss.

The calculator will display your capital gain or loss, along with a breakdown of the calculation.

Capital Gain Formula

The capital gain is calculated using the following formula:

Where:

• Sale Price - The amount you received from selling the property.
• Purchase Price - The amount you paid to acquire the property.
• Additional Costs - Any costs associated with the sale, such as agent fees, closing costs, or repairs.

If the capital gain is positive, it indicates a profit. If it's negative, it indicates a loss.

Tax Implications of Capital Gains

Capital gains from real estate sales in 2017 were subject to federal and potentially state taxes. The tax rate depends on your income level and the type of property sold.

For 2017, the federal capital gains tax rates were:

• 0% for gains up to $37,950 for single filers, $75,900 for married filing jointly.
• 15% for gains between $37,951-$418,400 for single filers, $75,901-$470,700 for married filing jointly.
• 20% for gains above $418,400 for single filers, $470,700 for married filing jointly.

Example Calculation

Let's say you purchased a property in 2017 for $200,000 and sold it for $250,000. The sale included $5,000 in additional costs.

Using the formula:

This means you made a capital gain of $45,000 from the sale.