Rodriguez Commercial Realty LLC does not give tax advice. The results
displayed above are only estimates and cannot be used to determine
actual proceeds. It is important to consult with a qualified
financial, tax, or legal professional. Calculations are based on
current federal and New York State & City rates as well as the
following assumptions: (1) the property you are selling is not your
primary residence; (2) you have owned the property for at least one
year; (3) your adjusted gross income and marital status place you in
the highest income tax brackets; and, (4) you have sufficient net
investment income to qualify for the Medicare surtax. Straight line
depreciation, accelerated depreciation, cost of improvements and
individuals with lower regular or investment income may be subject to
lower capital gain tax rates than the estimates generated by this
tool.
