DELAWARE STATUTORY TRUST RESEARCH
Understand DSTs before you talk to a broker-dealer.
Independent research for accredited investors weighing a Delaware Statutory Trust as 1031 replacement property. Sponsor structures, holding periods, illiquidity, and the cashflow assumptions you should examine before a registered rep walks you through an offering.
DST CASHFLOW ESTIMATOR · LIVE
| Sale price | $1,200,000 |
| Original basis | $400,000 |
| Improvements | $50,000 |
| Depreciation taken | $80,000 |
| Closing costs | $35,000 |
| Adjusted basis | $370,000 |
| Realized gain | $795,000 |
| Recaptured depreciation tax (25%) | $20,000 |
| Federal LTCG (20%) | $143,000 |
| NIIT (3.8%) | $30,210 |
| CA state tax (~12.3%) | $97,785 |
ESTIMATED TAX LIABILITY
$0
Effective rate: ~36.6% on a $795k realized gain. vs $0 if you do a 1031 →
See full breakdown →Illustrative. Assumes CA resident, 20% federal LTCG, 25% recapture, 3.8% NIIT. Real numbers depend on your state, income, and prior depreciation.
If you do a 1031 instead, this entire $290k becomes deferred.
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