REIT vs ETF 세금 효율성 계산기
무료 계산기: 세후 부동산 vs ETF 수익률을 비교하세요.
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작동 방식
Enter property gross yield, vacancy, maintenance, income tax rate, ETF return, dividend yield, capital gains and dividend tax rates, investment amount, and years. Use property gross yield from local listings or cap rate data. ETF total return can mirror a total market index fund historical average. Dividend yield should match the fund you actually hold: VTI pays roughly 1.3% while VYM pays above 3%. Enter REIT dividend yield and broad ETF total return assumptions with your marginal tax rate and account type taxable versus IRA. Enter marginal ordinary income rate for REIT dividends and long term capital gains rate for ETF qualified dividends. Enter REIT dividend yield and broad ETF total return assumptions with your marginal tax rate and account type taxable versus IRA. Enter marginal ordinary income rate for REIT dividends and long term capital gains rate for ETF qualified dividends.
Compare after tax annual returns, break even yield, final portfolio values, and year by year growth for RE versus ETF. Break even yield tells you the rental yield where RE and ETF after tax returns match. The year by year table shows the compound gap over decades. Useful when deciding between buying a rental unit versus holding a REIT ETF like VNQ or SCHH. Model a taxable brokerage account versus IRA holdings since tax treatment differs materially. REIT dividends often taxed as ordinary income while qualified ETF dividends get lower rates in taxable accounts. IRA placement eliminates annual REIT ordinary income drag: rerun with zero tax for retirement account hold. Hold REIT in tax deferred IRA to eliminate annual ordinary income drag from distributions. REIT dividends often taxed as ordinary income while qualified ETF dividends get lower rates in taxable accounts. IRA placement eliminates annual REIT ordinary income drag: rerun with zero tax for retirement account hold. Hold REIT in tax deferred IRA to eliminate annual ordinary income drag from distributions.
보수적 및 낙관적 시나리오로 가정을 테스트하세요. 다양한 입력값 간 결과를 비교하세요. 결정을 내리기 전에 민감도 분석을 실행하세요.
입력값이 변경될 때마다 REIT vs ETF 세금 효율성을(를) 사용하세요: 시장 변동, 새로운 기여금 또는 수정된 개인 가정 후. 소프트웨어 설치 없이 빠른 재실행을 위해 페이지를 북마크하세요.
단계별 안내
- REIT vs ETF 세금 효율성을(를) 열고 현재 입력값을 입력하세요.
- 계산된 출력과 요약 테이블을 검토하세요.
- 가정을 조정하고 시나리오를 나란히 비교하세요.
실전 예제
Example scenario for REIT vs ETF Tax Efficiency: 1.3%, 3%. Enter those values above to reproduce the walkthrough described in How it works.
한 번에 하나의 입력을 조정하여 민감도를 확인하세요. REIT vs ETF 세금 효율성은(는) 즉시 업데이트되므로 행동하기 전에 낙관적 및 보수적 가정을 스트레스 테스트할 수 있습니다.
이 계산기를 사용할 때
Reach for REIT vs ETF Tax Efficiency when compare after tax real estate vs etf returns.. It suits quick what if analysis before trades, allocation changes, or plan updates.
결정이 세금, 유동성 또는 하나의 공식이 포착하는 것 이상의 다년 전망을 포괄할 때 관련 도구와 함께 사용하세요.
흔한 실수
입력 단위나 오래된 시장 가격을 확인하지 않고 출력을 복사하는 것은 REIT vs ETF 세금 효율성에서 흔한 오류입니다. 행동하기 전에 티커, 백분율 및 날짜를 확인하세요.
단일 기준 시나리오만 실행하면 꼬리 위험을 무시합니다. 보수적 입력으로 스트레스 테스트하고 결정이 중요할 때 아래 나열된 관련 도구와 비교하세요.
공식
After Tax RE = Gross Yield × (1 - Income Tax%) - Vacancy% - Maintenance%. After Tax ETF = (Total Return - Div Yield) × (1 - CGT%) + Div Yield × (1 - Div Tax%). Final Value = Principal × (1 + After Tax Return)^Years.
Simplified tax model. RE taxes on NOI only. ETF splits between capital gains and dividend taxation. Does not model depreciation, 1031 exchanges, REIT pass through deductions, or state and local tax. Treat as a planning estimate only. State tax omitted: high tax states widen REIT disadvantage versus index ETF in taxable brokerage. State tax on REIT dividends follows ordinary rates in most US states. State municipal bond ETF tax treatment differs from REIT: do not conflate in single REIT versus equity ETF test. Section 199A REIT deduction may lower effective rate for some US investors not modeled here. State tax omitted: high tax states widen REIT disadvantage versus index ETF in taxable brokerage. State tax on REIT dividends follows ordinary rates in most US states. State municipal bond ETF tax treatment differs from REIT: do not conflate in single REIT versus equity ETF test. Section 199A REIT deduction may lower effective rate for some US investors not modeled here.
제한 사항 및 가정
Simplified tax model. RE taxes on NOI only. ETF splits between capital gains and dividend taxation. Does not model depreciation, 1031 exchanges, REIT pass through deductions, or state and local tax. Treat as a planning estimate only. State tax omitted: high tax states widen REIT disadvantage versus index ETF in taxable brokerage. State tax on REIT dividends follows ordinary rates in most US states. State municipal bond ETF tax treatment differs from REIT: do not conflate in single REIT versus equity ETF test. Section 199A REIT deduction may lower effective rate for some US investors not modeled here. State tax omitted: high tax states widen REIT disadvantage versus index ETF in taxable brokerage. State tax on REIT dividends follows ordinary rates in most US states. State municipal bond ETF tax treatment differs from REIT: do not conflate in single REIT versus equity ETF test. Section 199A REIT deduction may lower effective rate for some US investors not modeled here. REIT vs ETF Tax Efficiency does not replace personalized advice. Fees, slippage, account specific rules, and behavioral constraints may change real world outcomes.
주요 용어
- How are after tax returns computed
- Real estate after tax return = Gross Yield × (1 - Income Tax) - Vacancy - Maintenance.
- What is the break even yield
- Break even gross yield is the property yield needed for real estate to match ETF after tax returns, solving: Yield = (ETF After Tax + Vacancy + Maintenance) / (1 - Tax Rate).
- 모델 가정
- Real estate returns benefit from vacancy and maintenance deductions but face income tax on net operating income.
대안 비교
Pair with REIT vs Physical Property to compare direct ownership versus REIT wrapper. Use those calculators when reit vs etf tax efficiency alone does not capture the full decision.
portfolios.tools의 내부 링크는 계산기 체인을 도와줍니다: 먼저 REIT vs ETF 세금 효율성을(를) 실행한 다음, 아래 관련 섹션의 전문 도구로 엣지 케이스를 검증하세요.
FAQ
How are after tax returns computed?
Real estate after tax return = Gross Yield × (1 - Income Tax) - Vacancy - Maintenance. ETF after tax return = (Total Return - Div Yield) × (1 - Cap Gains Tax) + Div Yield × (1 - Div Tax). RE income is taxed at ordinary rates on net rental income. ETF returns split between qualified dividends and long term capital gains. This model uses flat rates and excludes state tax, AMT, and NIIT surcharges. Section 199A REIT deduction may reduce effective rate for some US investors: not modeled in simplified bracket input. REIT non qualified dividends taxed as ordinary income in US taxable accounts at investor marginal bracket. REIT dividends typically taxed as ordinary income not qualified rates in US taxable accounts. Section 199A REIT deduction may reduce effective rate for some US investors: not modeled in simplified bracket input. REIT non qualified dividends taxed as ordinary income in US taxable accounts at investor marginal bracket. REIT dividends typically taxed as ordinary income not qualified rates in US taxable accounts.
What is the break even yield?
Break even gross yield is the property yield needed for real estate to match ETF after tax returns, solving: Yield = (ETF After Tax + Vacancy + Maintenance) / (1 - Tax Rate). If break even yield exceeds your local cap rate, the ETF likely wins on tax efficiency alone. Example: a 5% ETF after tax return with 30% income tax implies RE needs roughly 8% gross yield before vacancy to match. ETF held in Roth IRA eliminates annual drag comparison: rerun with tax rate zero to see long term compounding only. ETF held in Roth IRA eliminates annual drag comparison: rerun with tax rate zero to see long term compounding only.
Why do the two investments have different tax treatments?
Real estate returns benefit from vacancy and maintenance deductions but face income tax on net operating income. ETFs face dividend and capital gains taxes but have zero vacancy or maintenance drag. RE investors may deduct mortgage interest and depreciation on rental property, not modeled here. REIT ETF dividends may qualify for a 20% QBI deduction in some cases. This calculator uses a simple flat rate model for side by side comparison. Foreign REITs add withholding layers similar to UCITS complexity: use country specific inputs when available. Foreign REITs add withholding layers similar to UCITS complexity: use country specific inputs when available.
Does income tax bracket matter?
High income tax brackets hurt real estate since net income is taxed at ordinary rates. ETFs benefit from lower long term capital gains rates on price appreciation. A 37% federal bracket versus 15% long term capital gains creates a 22 point spread favoring ETFs on appreciation. High bracket RE investors should model state income tax separately. Property tax and insurance are operating costs, not income tax. REIT return of capital distributions lower cost basis: track outside simplified yield input. REIT return of capital distributions lower cost basis: track outside simplified yield input.
Which investment typically wins on taxes?
Real estate may win if gross yield is high and taxes are low. ETFs tend to win when capital gains tax rates are significantly below income tax rates. Run two scenarios: conservative RE with 8% vacancy and 5% maintenance versus optimistic 3% ETF total return with 2% dividend yield. Longer time horizons amplify small annual return differences through compounding. Tax loss harvesting on ETF positions can improve after tax returns further. After tax total return over twenty years often favors broad ETF in taxable account even when REIT yield headline is higher. Hold REIT in IRA and broad ETF in taxable account is common tax location heuristic this comparison supports. After tax total return over twenty years often favors broad ETF in taxable account even when REIT yield headline is higher. Hold REIT in IRA and broad ETF in taxable account is common tax location heuristic this comparison supports.
이 REIT vs ETF Tax Efficiency 계산기를 휴대폰이나 태블릿에서 어떻게 사용하나요?
네. REIT vs ETF Tax Efficiency 계산기는 최신 모바일 브라우저에서 데스크톱과 동일한 공식으로 작동합니다. 선택적 localStorage로 입력값을 기기에 저장할 수 있습니다.
REIT vs ETF 세금 효율성을(를) 사용할 때 내 데이터는 어디에 저장되나요?
당사 서버 어디에도 없습니다. 계산은 브라우저에서 로컬로 실행됩니다. 선택적 localStorage는 기기에서만 양식 필드를 저장하며 네트워크를 통해 포트폴리오 번호를 전송하지 않습니다.
세금 또는 법적 결정에 REIT vs ETF 세금 효율성에 의존해야 하나요?
아니요. 이 도구는 교육용 수학만 제공합니다. 세법, 계좌 규칙 및 개인 상황은 다양합니다. 중대한 결과를 초래하는 거래 전에 자격을 갖춘 세무 또는 법률 전문가와 상담하세요.
관련 도구
Pair with REIT vs Physical Property to compare direct ownership versus REIT wrapper. Use Cap Rate Evaluator to estimate property gross yield inputs for this tax comparison. Rent vs Buy helps if you are weighing homeownership against renting and investing the difference. Post Retirement Tax models IRA versus taxable account placement for ETF holdings. REIT vs Physical Property compares operational effort beyond tax drag when choosing property exposure. REIT vs Physical Property compares operational effort beyond tax drag when choosing property exposure.