Welcome to the Rexco1031 income tax estimator. We hope this will be helpful to estimate your taxes due if you sell WITHOUT the benefit of a 1031 exchange.
Calculators created at the direction and supervision of Jonathan Louie, CPA and MST. Please note that these estimates are based on the current tax code as of June, 2021, and subject to change at any time. Be sure to consult your tax advisor before using a 1031 exchange.
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I HAVE MY TAX RETURNS
Estimate taxes due upon sale if you HAVE A COPY of your most recent federal tax return and can look at the depreciation schedule which contains accurate information for the estimate.
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I DO NOT HAVE MY TAX RETURNS
Estimate your taxes due upon sale if you DO NOT HAVE YOUR TAX RETURNS with you. Our model will give you a rough estimate of federal and state taxes due.
A few very important caveats
Please do not consider this tax planning or advice for your personal situation. You should seek input and counsel from your personal tax advisor, and only rely on information provided by a licensed professional such as a CPA or Enrolled Agent, who is familiar with your entire tax return and knowledgeable about the most up to date tax requirements.
This assessment assumes you are paying California State income taxes. State income taxes differ from state to state, and our estimator is most useful for California residents. The amount we estimate as your tax liability may be impacted by other tax deferrals, loss carry forward benefits, or sales or gain from other properties. Be sure to check with your tax professional before undertaking a 1031 exchange.
