after-tax proceeds from resale(redirected from After Tax Proceeds from Re-Sale)
After-Tax Proceeds from Resale
When one sells an asset, the profit on that sale after any applicable taxes on it are paid. For example, if one sells a house for a $100,000 profit (after paying off the remaining mortgage and making realtor fees and so forth) but owes $25,000 in taxes from the sale, the after-tax proceeds from resale are only $75,000. The amount of the after-tax proceeds from re-sale may vary on the same investment depending on whether one owes income tax or capital gains tax.