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Sellers
Capital Gains Tax by State Calculator
Taxes can take a huge bite out of your real estate profits. Calculate your combined federal and state capital gains tax liability when selling a US property.
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How to use this calculator
- Enter your purchase price, sale price, and associated closing costs.
- Add any major capital improvements you made while owning it.
- Select how long you owned it and your tax filing status.
- Choose your state and enter your annual income to determine the correct tax brackets.
What your results mean
Your total tax bill is a combination of Federal Capital Gains (0%, 15%, or 20%), potentially the Net Investment Income Tax (3.8%), and your State Capital Gains tax. Nine states have no state income tax, while states like California can tax gains at 13%+.
5 ways to minimize state and federal capital gains
- Hold the property for at least 366 days to qualify for much lower Long-Term Capital Gains rates.
- Use the Section 121 Primary Residence exclusion if you lived in it for 2 of the last 5 years.
- Keep meticulous receipts of all improvements (new roof, addition) — these increase your basis and lower your taxable gain.
- Execute a 1031 Exchange to roll your profits into a new investment property tax-deferred.
- If selling an investment property at a loss, you can use that loss to offset other capital gains.