Calculating Capital Gains

[Tim Coppola]

Hello everyone,

I was wondering if anyone can help me figure out what I would pay in capital gains on a multifamily property that I owner occupy. I am just wanting to explore all options if I sell and one of them being to sell and be done with investing in real estate. I am able to find calculators online for capital gains on single family homes or rentals but nothing on how to figure out breaking down what it would be for a multifamily property that is owner occupied. Any help would be much appreciated.

Thanks in advance,

Tim

[Bill B.]

Find the last guy that asked this yesterday for detailed explanation but rough estimate…

 Assuming 4 plex, and assuming you owner occupied since day 1 of ownership. 

Approximately 75% of 15% of the gain (selling price minus selling cost minus purchase price minus any un-depreciated capex). Plus 25% of the depreciation you’ve taken since purchasing, plus how ever much of a handout your state wants.