Calculate after sale proceeds after tax

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Question - A property purchased for $100,000 with an NOI of $7,000 per 10 years will be sold for $140,000. There is no cost of sale. Depreciation taken over the holding period is $29,750. The investor's ordinary income tax rate is 37 percent, the capital gains tax rate is 20 percent, and depreciation recapture is taxed at 25 percent. Calculate after Sale Proceeds After Tax.

Reference no: EM132953134

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