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Five years ago you purchased a small apartment complex for $ 1 million. You borrowed $ 7 0 0 , 0 0 0 at 7
Five years ago you purchased a small apartment complex for $ million. You borrowed $ at percent. The loan term is years but payments will be based on a year amortization schedule with monthly payments. The original depreciable basis was $ and you have used year straightline depreciation over the fiveyear holding period. Assume there was no personal property associated with the acquisition and no capital expenditures have been made since acquisition. The property could be sold today for $ in a fully taxable sale.
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What will be the aftertax equity reversion cash flow from the sale?
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