taxassignment

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Peter Pan Tax Planing Assignment Alternative 1 Sell the Lot Now and invest proceeds in portfolio $ Sales proceeds from the lots 140,000 Cost Of Lots or adjusted basis -6,000 Capital Gains on Lots 134,000 Capital gains Tax @15% 20,100 After Tax Proceeds of sale 113,900 Proceeds reinvested in pPortfolio Portfolio Apprpreciated 12% in 5 years ×1.76234 Future Value of proceeds in 5 Years 200,731 Adjusted Basis -113,900 Long term Capital Gains 87,531 Capital Gains tax @ 15 % -13,130 After Tax Gains on Higgin Beach Lots 187,601 If Peter Pan Sells his property now at the price of $140000 and subsequently reinvest the sale
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