What would you have to pay in capital gains tax if you didn't complete a Tax Deferred Exchange? This worksheet will help you make a better determination. Please remember, this is an estimate of the capital gains tax payable. It does not replace the counsel of your tax advisor, nor should it be used for tax filing purposes.
In addition there may be depreciation recapture. Discuss with your tax advisor.
The information provided is to bring attention to the basic calculation of capital gains tax which is an important part of the decision process prior to engaging in a tax deferred exchange as an investment strategy. It is recommended that you consult with your tax or legal advisor about your special tax situation. JELD-WEN 1031 is a Qualified Intermediary and is precluded from giving tax or legal advice.