For CPA exam purposes there are four calculations that you should understand. 5 yrs), Site Improvements (15 yrs), and Land. A 1031 exchange is a tax-deferred swap of one investment property for another, typically real estate. Resources. We have developed the enclosed worksheets for use in calculating the information used to report 1031 Exchanges on Form 8824 and herein enclose a copy. If the property described on line 1 or line 2 is real property located outside the United States, indicate the country. com’s list of financial calculators. No capital gains tax is incurred on inventory assets. Here’s an example of how to calculate the cost basis of your cryptocurrency: Take the initial investment amount (let’s assume it is $1000). A Brief Refresher on Boot First, let’s make sure we’re alAssume you own a piece of land in California (valued at $100,000) and you enter into a like-kind exchange to acquire another property in Colorado (also valued at $100,000). or other (not like-kind) property, don't. Maximum threshold cost of section 179 property before reduction in limitation calculation. If, as part of the exchange, you also receive other (not like-kind) property or money, you must recognize a gain to the extent of the other property and money received. The taxpayer decides to complete a like-kind exchange for. 90% of Listing Price – All Liens = Estimated Proceeds. Get a Like Kind Exchange Computer branded for your internet! Colorful, interactive, simply The Best Fiscal Calculators! If you handel either business or investment belongings that is of the same nature or character, the IRS won't recognize information as one gain or lost. 625 million. Requires only 10 inputs into ampere simple Excel spreadsheet. 1031 (k)- 1 (c) (5) permits taxpayers to identify a large unit of real property for a like - kind exchange that includes incidental personal property constituting up to 15% of the aggregate fair market value. So I'm left with 100k which I used to purchase 2 like-kind properties one (Property B) for 150k and another (Property C) for 200k. Commercial property is depreciated over 39 years. Certain exchanges of property are not taxable. Realized and recognized gain or loss. Working with her real estate advisor, Kelly found a mixed-use, multi-tenant building near her home, consisting of two apartments, two stores, and three townhouses. Subtract the total amount of depreciation you have taken on the property from your result to calculate the adjusted basis of the property you are giving up in the like-kind exchange. Get a Like Kind Exchange Calculator branded for your website! Colorful, interactive, simply The Best Financial Calculators! If you exchange either business or investment property that is of the same nature or character, the IRS won't recognize it as a gain or loss. Lets forget the ad libs about whether the exchange is valid or not. Like-Kind Property: Any two assets or properties that are considered to be the same type, making an exchange between them tax free . The resulting number is your cost basis (10,000/ 1,000= $10)Fill out Form 8824 according to its instructions, with these exceptions: Subtract line 18 from line 17. 1 million. In Peabody Natural Resources Co . If the like-kind exchange involves the receipt of money or unlike property or the assumption of your liabilities, see Partially Nontaxable Exchanges, later. After you create a formula, you can copy it. You choose to sell your current property with a $150,000 mortgage on it. Depreciation is a tax deduction you take annually to account for wear and tear on the property. Contact Info. A 1031 exchange doesn’t make capital gains tax go away; it. Irs 1031 exchange form. 102,000. Consequently, there is little question that a sale of any crypto coin for fiat money (U. Description of like-kind property given up: 2 . There are several instances in which 1031 like-kind exchange rules intersect with those for installment. Requires only 10 inputs into a simple Excel spreadsheet. Enter the following information and our calculator will provide you an idea of how a 1031 exchange will work in your situation. The meaning of LIKE-KIND EXCHANGE is an exchange of business or investment property of the same kind, class, or character and excluding securities that is made pursuant to section 1031 of the Internal Revenue Code and is thus exempt from taxation. Reverse 1031 Exchange Time Periods. 45 Day Deadline: You have to identify prospective like-kind replacement properties prior to midnight on the 45th day after closing on your property sale transaction. This calculator is designed to calculate and the recognized loss, gain and the basis for a Like Kind Exchange. Contact Info. There is a realized loss of $14,000 but it is not recognized because it is personal. In this case, the realized gain is 3000 (gave up basis of 17000, received 17500 + 2500 net boot received). Share your form with others. 44, you are covered and will be able to achieve your target. Alternatives to 1031 Exchange with Multiple Relinquished Properties. If our desired currency is USD, we have set our exchange rate as 1. How to Calculate in Excel Sheet? Example #1 – Use Formulas in Excel as a Calculator. 1031 treatment is restricted to exchanges of real property. Source: db-excel. Few real estate exchanges are multi-asset exchanges. Using a large sample of commercial property transactions (including multifamily exchanges) over the 2010 to 2020 period from CoStar, we find that seven percent of the dollar value of these transactions involved the use of an exchange by the. Select the cell that contains the result from step 2. Use the Currencies data type to calculate exchange rates. The taxpayer must actively participate, not act as a limited partner, and own at least ten percent to qualify. The result is 6. A 1031 Exchange exists a strategies where CREATED capital can defer both major gains fiscal and depreciation reclaiming control the that sell of a eigenheim. There are four types of 1031 exchanges, but the most common type is a delayed exchange. Check the second-to-last box from the bottom for like-kind and section 1031 exchanges and click Continue. Drop and swap exchanges fill this need. (2) Based on amount of depreciation taken during ownership of the property. Part III computes the amount of gain required to be reported on the tax return in the current year if cash or property that isn't of a like kind is involved in the exchange. She wants to do a 1031 exchange into a $325,000 condo. Download the Excel file and follow the instructions to calculate the adjusted basis, realized gain, recognized gain, and deferred gain of your exchange. About Form 8824, Like-Kind Exchanges. First, California conforms only for exchanges completed after January 10, 2019. Enter Your Data and Exchange Rate: - Place the amounts to be converted in column A and the exchange rate in column B. Many factors are involved in calculating taxes, including factors. Example #4 – Formula Cell is not Value, It is the only Formula. Also, use Part III to figure the basis of the like-kind property received. 1031 Like Kind Exchange Worksheet And Form 8824 Worksheet Template. See the Instructions for Form 8971. , your attorney, your real estate agent, etc. 180 Day Deadline: Must. Properties must be “like-kind”. 3. Regs. 1031 Exchange Examples | 2023 Like Kind Exchange Example - 1031 Like Kind Exchange Calculator - Excel WorksheetI just finished my taxes but not sure if these calculations are correct. Resources. At 1031 Crowdfunding, we want to help you through the process of a. Type text, add images, blackout confidential details, add comments, highlights and more. The capital gain tax on appreciation in value goes up from 15% to 20% when “Taxable Income” exceeds $492,301 (single) or $553,851 (married filing jointly). Additional information is available on the IRS website Like-Kind Exchanges Under IRC Code. Original purchase price ($):Let’s say we’ve decided to sell a property and use the 1031 like-kind exchange to defer taxes. You do. Web web like kind exchange worksheet 1031 exchange calculator excel. Replacement property must be purchased within 180 days. Home received in a like-kind exchange. Calculate the taxes you canister defer when selling a property; Includes state taxes and capital recapture. This code section refers to “like-kind” exchanges of certain types property. See instructions . My challenges is to know if I am doing it correctly in ProSeries. S. gain, and enter the correct amount on lines. Description of like-kind property received: 3In a like-kind exchange, a seller of real property can defer recognizing gain on the sale, thereby deferring payment of capital gains taxes, by exchanging the property for other real property of a like kind. Relinquished property must be “like-kind” to replacement property. My challenge is to know if IODIN am doing it correctly in ProSeries. Notes: When a like-kind exchange is entered on like-kind exchanges worksheet and the “Automatic Sale” feature is used, up to five assets can be sold and new continuation assets are created for all five. If you take cash out and/or you purchase less than you sell, it is considered. To calculate XIRR and other precise return metrics, it is often necessary to calculate the number of days between two periods. The Tax Cuts and Jobs Act of 2017 and its Effects on 1031 Exchanges. Qualifying property must be held for use in a trade or business or for investment. These calculations are estimates for the purpose of demonstration. They all are considered “like-kind” under the IRS. The capital gain tax on appreciation in value goes up from 15% to 20% when “Taxable Income” exceeds $492,301 (single) or $553,851 (married filing jointly). Source. R. Help desk. Line 7 minus line 3 10. Los Angeles. Enter the smaller of line 1 or line 2 here. This calculator will use your information, including your 1031 exchange boot tax rate, to tell you how much boot you can anticipate having — and how big of a tax bill you can expect. Related party exchange information part iii. ” If the transaction involved personal property, add. Worksheet exchange kind 1031 worksheets nar exchanges realtor field library guide spreadsheet excel rent sellExchange kind example examples basis calculate depreciation cs Exchange 1031 worksheet kind calculator excel section realized laptop experts investing difficult giving same think should why don re which39 1031 like kind. A like-kind exchange is a way to defer your capital gains taxes when selling a piece of business property. 1031 Exchanges of personal property will almost always involve multiple groups. The following table describes how to determine the amount of net proceeds based on a borrower’s anticipated equity. Estimate the realized and recognized gains to calculate the transfer basis. In a true like-kind exchange, the holding period carries over. Boot is anything that is not considered “like-kind” that the taxpayer receives in an exchange. Like-kind exchanges -- when you exchange real property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind” -- have long been permitted. Click Like-Kind Exchange, and continue with the interview process to. Completion of IRS Form 8824 “Like-Kind Exchanges” 6- Calculation of Net Cash Received or Paid WorkSheet #7 &8 - Calculation of Form 8824, Line 15 - Calculation of Basis of New Property for Form 8824, Line 18 WorkSheet #9 & 10 - Completing Form 8824 SEND: IRS Form 8824 - Page 1 IRS Form 8824 - Page 2 WorkSheets & Forms - Calculation of Recapture for Form 8824, Line 21 WorkSheet #10. This calculator is designed to calculate recognized loss, gains and the basis for your news received land. 1031 Exchange Calculator. Continuing with the example, assume you have taken $100,000. This sounds like they need to be similar in type, but the IRS defines like-kind broadly. We've provided an single to track example at help you decide if a 1031 handel, also acknowledged as a like kind exchange, makes sensation for you. The following is a worksheet to calculate basis in Replacement Property. Web 1031 like kind exchange. Generally speaking, any taxable gain from a like-kind exchange is deferred. Mail: Phone: Fax: Email: 1031 Corporation 1707 N Main St Longmont, CO 80501. The result is 0. Click Like-Kind Exchange, and continue with the interview process to. Please Kind Exchange Calculator Interpretations. (2023 amounts) The Net Investment Income (NII) tax is applicable when the Taxpayer’s “Adjusted Gross Income” exceeds $200,000 for a single Taxpayer or. Write your 2 currencies in a cell. Tip. Se. A 1031 Exchange is a commercial real estate transaction that allows an investor to defer capital gains taxes on the profitable sale of an investment property. Ditch stock in a mutual irrigation ditch company acquired with farm land (possible issue). 1 . We hope you can find what you need here. IRC Section 1031 (a) (1) states as under : “No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment, if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or business or for investment. In recognition of Reg. §1031 (like-kind exchanges)). A 1031 property exchange is a type of “like-kind” exchange that’s permitted under Section 1031 of the U. Description of like-kind property given up: 2 . 1031 of the Treasury Regulations in order to defer Federal,. Typically, the exchange is not done with the buyer of the property, but the replacement property needs to be identified within 45 days of. 25. On line 20, enter the smaller of: Line 15 minus the exclusion, or. A. For the like-kind exchange of an aggregate asset or for a mass trade, each treatment must calculate. 1 by flood. Enter the Currency Pairs. You still have to pay tax, just later. Mail in to the IRS with your tax return. Among Business Items, Sale on Business Property, I enter the like-kind exchange information. You own a $3,000,000 investment property with a tax basis of $2,600,000 — meaning that you have a $400,000 capital gain. Click + Add Form 8824 to create a new copy of the form or click Edit to review a form already created. If you take cash out and/or you purchase less than you. The same 45 day Identification Period and 180 day Exchange Period deadlines of IRC §1031 apply to a safe harbor reverse exchange under Rev. The relinquished properties sold and the like-kind replacement properties acquired should be segregated or sorted into exchange groups. Personal Property Exchanges after December 31, 2017 6 . For FAR and REG, I did this type of Excel work over and over and over till typing in the formulas with data became second nature. | Website CalculatorLike Kind Tax Deferred Exchange Calculator. Here boot = $5,000. Open Microsoft Excel. Go to sheet 1 and insert the data as shown below. A like-kind exchange is a transaction to defer the capital gain tax arising in the transaction of the sale of an asset when it can be shown that the proceeds are being used to acquire another asset in place of the first-mentioned asset. Tax Court upholds non-safe-harbor reverse like-kind exchange. If you traded in a business vehicle in 2017 or earlier, you. Refresh the Exchange Data. It's a green app with a white "X" on it. For like -kind exchanges completed after December 31, 2017, the TCJA limited the property eligible for like -kind exchange treatment. In a 1031 Exchange, “ boot ” is defined as the fair market value of cash or “other property” received in a 1031 Exchange. Example #5 – Built-In Formulas are Best Suited for Excel. section 1031, the taxpayer will not be. Subtract the amount realized from the cost basis of the new property and add the depreciated basis back in. EXCHANGES SOLELY FOR PROPERTY OF LIKE KIND . The website that is known for providing free to use financial tools and resources has included the newly added Like-Kind-Exchange calculator under their business tools category. Ok, so I need to know how the taxable basis is determined in a partial 1031 (like kind) exchange. The 1031 Exchange Calculator above provides a simple estimation of potential taxes related to the sale of investment property and net sales proceeds available for reinvestment. 1031 to provide that Sec. Our latest currency calculator is a direct descendent of the fast and reliable original "Universal Currency Calculator" and of course it's still free! Learn more. Here it is. The truth is the IRS considers any deeded property that you don’t live in and is purchased for investment purposes qualifies as “like-kind. 5 million. Exchange 1031 worksheet kind calculator excel section realized laptop experts investing difficult giving same think should why don. Treas. 1031 exchange is purchased for $1,500,000. In order for the new contract to qualify as a. . Here it is. 94. See Page 1 of the Instructions for Form 8824 on multi-asset exchanges and reporting of multi-asset exchanges. For example, an exchanger can sell vacant land and buy a strip. In order for the new contract to qualify as a. com50 saving and investing worksheet Briefencounters ivuyteqLike-kind exchange. Use Part III to figure the amount of gain required to be reported on the tax return in the current year if cash or property that isn't of a like kind is involved in the exchange. like kind exchange worksheet. 1031(j)-1 of the regulations. If the exchange isn’t completed within that time frame, it’s considered invalid. Edit your 1031 exchange worksheet online. Instead, attach your own statement showing. Gains from sale info_outline $ Amount reinvested info_outline $ Total boot $. In General an Exchange (known as a 1031 Exchange) is the sale of your property and then putting all of the money received into the purchase of a new Like Kind Property. In 1990, George placed a shopping center in service. If the EAT has begun the exchange by acquiring the Replacement Property, then the Exchanger must identify within 45 days after the. The maximum section 179 deduction limitation for 2022. On the dotted line next to line 19, enter "Section 121 exclusion" and the amount of the exclusion. complete lines 12 through 18 of Form 8824. 303-684-6899. or other (not like-kind) property, don't. Basis Calculation and Depreciation. It is important to understand that the receipt of boot does not disqualify the. Calculating the cost basis for a 1031 exchange is similar to calculating the cost basis on the sale of a single home up to a point. 1031 (a)-1 (c) provides as an example of a like-kind exchange the exchange of a leasehold of real property with a remaining term of 30 years or more for a fee interest in real property. By doing this you avoid reporting all of ar at least a portion of the taxable gain of the sale on your current tax return. kind properties, cash or other (not like-kind) property. This calculator is designed to calculate and the recognized loss, gain and the basis for a Like Kind Exchange. Most like-kind exchanges are four-party arrangements involving a qualified intermediary (QI). If the property described on line 1 or line 2 is real property located outside the United States, indicate the country. com Check Details. Calculating percent difference between 2 columns. Web get a like kind exchange calculator branded for your website! If you exchange either business or investment. (1) Federal Capital Gains equal to Realized Gain less depreciation taken multiplied by the applicable rate. In a typical 1031 exchange where one property is exchanged for another property, TurboTax will prepare Form 8824, Like-Kind Exchanges, and lines 12 - 18 will reflect, among other things, the realized gain,. Existing Regs. 1031 Property Exchange for Excel is designed for investors, real estate brokers and facilitators allowing to: Balance equities. section 1031, the taxpayer will not be. Publication 544 explains the tax rules that apply when you dispose of property. The Tax Court's decision in Estate of Bartell, 147 T. Web Web Like Kind Exchange Worksheet 1031 Exchange Calculator Excel. If the final replacement property is transferred in the next. Like a § 1031 exchange, § 721 exchanges, if structured properly, can enjoy a deferral of capital gains tax. not a sale. Completion of IRS Form 8824 “Like-Kind Exchanges” 6 Net amount for Reinvestment. If the names on the sale property and the exchange property are different, it won’t be accepted. Requires only 10 inputs into ampere simple Excel spreadsheet. To enter a like-kind exchange in TaxSlayer Pro, from the Main Menu of the tax return (Form 1040) select: Income. (3) Rate varies by state. . 3%. Contact Us. Section 1031 like-kind exchanges have been one of the California Franchise Tax Board’s (FTB) top audit issues in recent years. You used the entire property as a vacation home or rental after 2008 or you used a portion of the home, separate from the living area, for business or rental purposes. Note: Only real property should be described on lines 1 and 2. 1031 Exchange Calculator. Although Section 1031 has been around for nearly one hundred years, the TCJA now. Any boot the taxpayer receives is regarded as taxable gain and will trigger a taxable event. Get a Like Kind Tax Deferred Exchange Calculator branded for your website! Colorful, interactive, simply The Best Financial Calculators! If you exchange either business or investment property that is of the same nature or character, the IRS won’t recognize it as a gain or loss. Executing a 1031 exchange with multiple properties is a little more complicated than doing a 1-for-1 trade. Form 8824 figures the amount of gain deferred as a result of a like-kind exchange. A 1031 exchange can help you defer capital gains taxes on investment property, but the rules are complicated. For example, if you traded a single family home and in exchange received a duplex, you might want to enter the description of the asset you. Net amount for Reinvestment. Use Excel as your calculator. Sales Price – (Sales Costs + All Liens) = Estimated Proceeds. These exchanges allow investors to defer capital gains taxes on the exchanged property. The maximum exclusion under Sec. Download the free like kind exchange worksheet. 37. If you are an investor and considering selling your investment property and purchasing another, you may want to do a like-kind exchange. Select the cells and then select Insert > Table . Use of a like-kind exchange is appropriate in myriad situations. You exchange your $3,000,000 property for the $2,500,000 Starbucks. It discusses how to figure gain (loss), whether it is ordinary or capital, how to treat the gain or loss, and how to report gains and losses. com Check Details. e. In fact, all real estate is “like-kind” to all other. Calculate the taxes you can defer when selling a property. . 1031 Team 1. 8989 Rio San Diego Drive #250 San Diego, CA 92108 Phone: (619) 231-1977 Fax:. It was coming from reputable online resource which we like it. 1. Section 1031 Exchange Worksheet And Like Kind Exchange Formula. If a calculation is done before the Like-Kind exchange is complete, it can affect the outcome of the new asset the system creates when the automatic sale feature is used. Perform "What if" analysis by changing the. Related-party exchanges present special challenges and the IRS has aggressively gone after “indirect” related-party exchanges. Online Financial Calculator | Like Kind Exchange Calculator - This calculator is designed to calculate and the recognized loss, gain and the basis for a Like Kind Exchange. Download the free like kind exchange worksheet. Worksheet April 17, 2018. one group of like-kind properties or (b) cash. So you can’t use your real estate broker or agent or a relative to facilitate the. Add lines 4, 5 and 6 8. 2019-2020 Like-Kind Exchange Updates. Step 1: Open an Excel sheet. Generally, if the exchange meets the requirements of I. Continue to enter your information. Hence. Capital gains tax might result from selling your home, stocks, bonds, commodities, mutual funds, a business, and other similar capital assets. 5 (2016), alleviates some of the uncertainty that taxpayers and practitioners face when structuring a reverse like - kind exchange intended to qualify for nonrecognition treatment under Sec. Introduction. But the fundamentals are the same. Like Kind Exchange Calculator. 3. 121 would be $62,500. A 1031 Exchange, or Like-kind Exchange, is a strategy in which a real estate investor can defer both capital gains tax and depreciation recapture tax upon the sale of a property and use that. 5 (2016), alleviates some of the uncertainty that taxpayers and practitioners face when structuring a reverse like - kind exchange intended to qualify for nonrecognition treatment under Sec. 02. Calculate live currency and foreign exchange rates with the free Xe Currency. ” According to the IRS, like-kind exchanges are “real property used for business or held as an investment [exchanged] solely for other business or investment property that is the same type. Example: Calculating Gain and Basis for an Exchange Like-Kind Property. ; Enter a description of the new property and click Finish. 1. I found one article on this forum but it doesn't help e be sure that I am doing it correc. For a transaction to qualify as a simultaneous exchange, the sale of the. In this scenario, the money from the sale of the first investment property. See Page 1 of the Instructions for Form 8824 on multi-asset exchanges and reporting of multi-asset exchanges. Click on the Add an Exchange button and follow the prompts to add the next like kind exchange. 1031 (k)-1(j) 1 This provides examples to determine the basis of each group of assets. Solved: MYSELF understand abstractly whereby a 1031 Like Kind Exchange workings. This 1031 Exchange calculator will estimate the taxable impact of your proposed sale and purchase. We can largely bank on Excel for a myriad of purposes that involve calculations. You can’t exchange into it. Excel Add-ins; Library from Excel Models; All-in-One (Ai1) Model;. Form 8824 Worksheet is a useful tool for preparing the tax return of a 1031 exchange, a transaction that allows you to defer capital gains taxes on the sale of an investment property. Check Details 30 1031 exchange calculation worksheet. Automatically create sample worksheets of IRS Form 8824. The results of combining the two tax-deferral methods are a gain deferral from the section 1031 exchange of $2 million and an increase of $50,000 in depreciation deductions in the current year, resulting in reduced taxes of nearly $20,000, assuming a. Line 19. 1031 spreadsheet exchange tax section power property next deferred profits move looks intoExchange calculator 1031 1031 exchange worksheetExchange 1031 worksheet kind calculator excel section realized laptop experts investing difficult giving same think should why don re which. The importance of this number is that it is subtracted from Net Operating Income to calculate the pre-tax cash flow for the property. photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. We hope you can find what you need here. A 1031 tax exchange drop and swap can take place in several different ways. Estimate the steuern you can defer when selling an property; Includes declare taxes real depreciation recapture. There was another agreement for 12. Example and Explanation of the Like-Kind Exchange Analysis: A rental property has a selling price of $500,000 and will have selling costs of $40,000. Basically, a 1031 exchange allows an investor to “defer” paying capital gains taxes on an investment property when it is sold, as long another “like-kind property” is purchased with the profit gained by the sale of the first property. About The 1031 Exchange Calculator. Sold commercial property A for $1. A Guide to 1031 Exchanges. Reporting of multi-asset exchanges. Exchange rate databases and output calculations. Type =(2500-2342)/2342, and then press RETURN . Needs to be the same taxpayer. In the Expenses section click on the QuickZoom to the Asset Entry Worksheet. Proc. Like Kind Exchange Calculator All Calculators. Internal Revenue Code, is a way to postpone capital gains tax on the sale of a business or investment property by using the proceeds to buy a. 15th Street Suite 700. Other approaches (with drawbacks specific to each, as well) are available. Instead, the replaced property receives the carryover basis of the exchanged property. IRS Form 8824 is used to report an exchange of real property for real property of a like kind and to calculate how much of the gain is being deferred, the basis in the acquired property, and the taxable gain to be reported in the current year. Watch on. Normally, when a taxpayer sells property, gain or loss on the sale is recognized in the tax year in which the sale occurs. comSection 1031 exchange: the ultimate guide to like-kind exchange Exchange worksheet kind 1040 1031 completing business property example tax accountants summary cash smart excel db1031 exchange worksheet 2022. This 1031 calculator is the same tool our professional use to calculate deferrable taxen when selling a property. For example, a taxpayer sells a commercial building for $500,000 with an adjusted tax basis after depreciation of $150,000. 1031 (a)-1 (b). Web the 1031 exchange, named for section 1031 of the u. Existing Regs. One of the most powerful tax deferral tools available is a “1031 like-kind exchange. The “three-property rule” and the “200% rule” are ALTERNATIVE ways or rules under which to designate or identify the Replacement Property, and you only have to satisfy one of the rules to have a valid 1031 exchange. $606,625.