Question

State Capital Gains

Forum|Forum|4 years ago
February 23, 2022
2 replies
0 views

I reside in Minnesota but sold my Condo in Nevada. I know that I will pay federal capital gains tax but what about state capital gains?

Critter-3

MN will tax the sale as well but you are in luck NV has no state taxes.

T

ThomasM125

Nevada does not have a personal income tax or capital gains tax on individuals, so there is no tax you will have to pay to Nevada. You will have to include the gain on your Minnesota tax return and it will be taxed at ordinary tax rates for Minnesota.

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