Repossession of Real Property Calculator

If you have repossessed real property, you can use this calculator to determine the gain or loss as well as its new basis. This includes the reportable gain or loss after repossession costs are taken into account.

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By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

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Repossession of Real Property Calculator

*indicates required.

Repossession inputs:

Total Amount Received From Sale Prior To Repossession:*This entry is required.Enter an amount between $0 and $10,000,000

Gain Previously Reported, Deferred Or Excluded:*This entry is required.Enter an amount between $0 and $10,000,000

Original Basis Used To Determine Gain:*This entry is required.Enter an amount between $0 and $10,000,000

Gain On Original Sale:*This entry is required.Enter an amount between $0 and $10,000,000

Repossession Costs:*This entry is required.Enter an amount between $0 and $100,000

**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Basis and Gain for Repossessed Real Property

Definitions

Total Amount Received From Sale Prior To Repossession

This is the total amount you have been paid or have received for this property before it was repossessed. This is used in calculating your gain or loss on the repossession.

Gain Previously Reported, Deferred Or Excluded

Any gain or profit you reported on the sale of this property. This will reduce the current gain or increase the current loss on the repossession.

Original Basis Used To Determine Gain

Original basis that you used when the sale was made to calculate your gain on that sale. Include all sales expenses.

Gain On Original Sale

Gain on your original sale.

Repossession Costs

Costs incurred to repossess the personal property.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.