Capital Gains Tax Calculator
The gain, not the profit or equity, from the sale of the investment property is subject to a combination of capital gains taxes, Medicare tax, and the tax on the recapture of depreciation. It is possible to have little or no equity or profit upon a sale and still owe capital gains taxes. Investors should consult with their tax or legal advisors in Nassau County, NY, prior to entering into an exchange while using a capital gains tax calculator. This formula and capital gains tax calculator is a guide to estimate the potential capital gains tax.