The Purpose: This is a quick assessment used in Real Estate to determine if a 1031 exchange might result in a taxable “boot”. The test will compare the values of sold and purchased property in terms of fair market value, equity, and mortgage.

The Goal: To ensure you are trading “up or equal” in value, equity, and debt to avoid triggering taxes on any gains.

Limitations: This is only a quick estimate. You should contact one of our professionals, and we will run a deeper data analysis to best assist you.

The Purpose: This calculator helps determine the difference between the asset’s selling price and the original cost. The difference represents either a capital gain or a capital loss.

The Goal: To help you estimate the potential tax liability you may incur when selling a capital asset for a profit.

Limitations: This is only a simple calculation. Your situation may be slightly different; that is what our experts are here to help with.

The Purpose: This is a helpful tool to estimate the capital gains tax you might owe when selling an asset, taking into account how long you’ve held the asset.

The Goal: To assist in estimating tax liability, planning for taxes, and investment decisions.

Limitations: This is only a simple calculation. Your situation may be slightly different; that is what our experts are here to help with.