PROMISE LAND PROPERTIES
Home Sale Gain Worksheet
Organize your expected sale price, adjusted basis and selling expenses. This worksheet estimates gain, not your tax liability.
Start with an estimated gain
This is a simple gain worksheet, not a tax estimate. Tax rates, exclusions, basis adjustments, and your circumstances are not determined here.
Use the result as a conversation starter
Verify every input before making a decision. The worksheet does not create an offer or predict a final closing statement.
How to use this worksheet
Start with documents or written estimates for your own property. The result is only as reliable as those inputs. Keep the date beside each figure and update the worksheet when an offer, payoff or scope of work changes.
Subtract the adjusted basis and selling expenses from the proposed sale price. Confirm basis and relevant adjustments with your tax adviser. This arithmetic does not determine exclusions, tax rates or the amount you owe.
Compare the two paths
Use one set of inputs for an actual as-is offer and another for a realistic listing plan. Do not compare a cash offer for the current house with a future renovated price unless you also include the work, time and expenses required for that second plan.
You can keep the calculation private. Worksheet inputs stay in the browser and are not included in the property inquiry form.