Payable on the net gain of your property to the IRS
Defer Capital Gains Tax by using 1031 Exchange
FIRPTA Withholding (10% of gross sale price of property).

Long Term and Short Term Gain

Capital gains tax is payable on the net gain from the sale of property.  The gain is calculated by taking the sale price less the purchase price and all related costs incurred in the purchase and sale of the property.  Other costs such as furnishings which are included in the sale price are also deducted before calculating the gain.  If the property has been used to generate rental income then depreciation and passive activity losses will also be used in the capital gains tax calculation.  The overall gain is taxed according to whether the disposed asset was owned for less than or more than twelve months. Please use our Capital Gains Tax Calculator below to assess your gain and calculate your tax liability.  

Capital Gains Tax Calculator

1031 Exchange