Bankers Escrow Logo- Providing Escrow Services and 1031 Tax Exchanges including software escrow and qualified intermediary

 

     
 
Original Purchase
  + Price Plus Improvements
  - Minus Depreciation taken
  Sales Price
  - Minus Transaction Costs
% X Multiply by State Capital Gains Tax Rate
% X Multiply by Federal Capital Gains Tax Rate
     
 



ALWAYS check with your tax advisor BEFORE initiating an exchange!

Taxes for Real Estate sales are paid on capital gain, not equity or profit, along with depreciation recapture. It is possible for a taxpayer to have little or no equity or profit upon sale and still owe significant tax amounts. To avoid paying any capital gain taxes in an exchange a taxpayer should attempt to:
  • Purchase replacement property equal or greater in net sale price of old relinquished property.
  • Reinvest all of the net equity in replacement property.
  • Obtain equal or greater debt on the replacement property or have a reduction in debt that is offset with additional cash at closing from the taxpayer.

Bankers Escrow Corporation
Corporate Headquarters
44 Union Blvd. Suite 115
Lakewood, CO 80228
request@bankersescrow.com
Phone: 303.986.4848
Fax: 303.986.4761
Toll Free: 1.800.571.6595
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All transactions are easy & convenient with very reasonable fees. Professional same day service by experts including CPA, attorney, lender, realtor, & escrow officers. Bonded & Insured for your protection.
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