Recent Calculations
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.
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.
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 that you used when the sale was made to calculate your gain on that sale. Include all sales expenses.
Gain on your original sale.
Costs incurred to repossess the personal property.