Alternate Cash Sales Worksheet

Alternate Cash Sales Worksheet - INCOME 14 Unamortized Loan...

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Alternative Cash Sales Worksheet Bahnces End of Year: Principal Balance - lst Mortgage Principal Balance - 2nd Mortgage TOTAL UNPAID BALANCE Calculation of Sale Proceeds PROJECTED SALES PRICE CALCULATION OF ADJUSTED BASIS: 1 Basis at Acquisition 2 + CapitalAdditions 3 - Cost Recovery (Depreciation)Taken 4 - Basis in Partial Sabs 5 = Adjusted Basis at Sale CALCULATION OF CAPITAL GAIN ON SALE: 6 Sale Price 7 - Costs of Sale I - Adjusted Basis at Sale (Llne 5) 9 - Participation Payment on Sale 10 = Gain or (Loss) 1'1 - StraightLine Cog Recovery(timiteorocain) 12 - Suspended Losses 13 = Capital Gain From Appreciation ITEMS TAXED
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Unformatted text preview: INCOME: 14 Unamortized Loan Fees/Coss (Negative) 1 5 + 16 = Ordinary Taxable lncome CALCULATION OF SALES PROCEEDS AFTER TAX: 17 Sale Price 18 - Costs of Sale 19 - Participation Payment on Sale 20 - Mortgage Balance(s) 21 + Bahnce of Funded Reserves 22 = Sale ProceedsBeforeTax 23 - Tax (Savings): Ordhary Income al -Yo of Line 16 24 - Tax: Stralght Line Recapture 3l -o/o of Line 11 25 - Tax on CapitalGains al-% of Line 13 SALE PROCEEDS AFTER TAX: Copyright @ 2008 by the CCIM Institute The statements and figures herein, while not guaranteed, aro aecurod from aources we believe authoritative....
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