on the location you have set. Analyze reinvestment sale after-TAX equity x. We have compiled an, excel based Capital gains calculator for Property based on new 2001 series CII (Cost Inflation Index). Census Bureau's, American Community Survey. This is because new revised CII for indexation started getting published taking FY 2001-02 as base with value of 100. Improvements minus, depreciation, nET adjusted basis . We'll tell you when you need to file, along with tax tips and updates. When did you acquire the asset?
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What amount did you get for it? Were these costs all paid in one tax year? Capital gain . Although each property transaction will be slightly different, our calculator will give you average property taxes based on what others in your area have paid. Recaptured Depreciation (25) plus, applicable Federal Capital Gain Rate * (select 15 or 20) tax -Select-1520 plus, applicable 1411 Medicare Surtax * (select 0.8) tax -Select-03.8 plus, state Capital Gain Rate (enter your tax rate here) tax, total taxes DUE. Compensation for personal injury or illness. Single Taxpayer Married Filing Jointly Capital Gain Tax Rate* Section 1411 Medicare Surtax* Combined Tax Rate 0 38,600 0 77,601 200,000 77,201 250,001 425,800 250,001 479,000.8.8 425,801 479,001.8.8 The capital gain tax formula provided is to help you determine. Learn more, the base cost of an asset is generally the costs involved in taking ownership of an asset (what you paid for it) together with expenditure directly related to the purchase or disposal of that asset (for example, sales commission) or to improve the. The interest received is fully taxable. Tax Calculations, terminology, news, calculators, salary Statistics, inflation. Need help submitting your Tax returns? Before you start using the calculator here are some things you must know: Short Term Vs Long Term Capital Gains: If the property is sold after 2 years ( changed in Budget 2017 and applicable from April 1, 2017 ) of purchase the corresponding gains.