She Says Paying For Her Wedding Is "The Least He Could Do" After His $1.4 Million Property Sale

A 60-year-old man recently sold four rental properties he managed for 20 years, earning a combined $1.4 million. His daughter, set to marry next spring, believes the amount he receives from the sale should cover at least some of the wedding expenses. However, the actual amount he retains may be considerably less due to taxes, transaction costs, depreciation recapture, and any outstanding mortgage balances. Before deciding on a contribution, he must determine his actual net proceeds from the property sale.