1031 Exchange Washington

Washington Opportunity Zones

Capital Gains Rates

State Rate 7.00% *

Local Rate 0.00%

Deduction None

Combined Rate 32.00%

Additional State Capital Gains Tax Information for Washington

The Combined Rate accounts for the Federal capital gains rate, the 3.8 percent Surtax on capital gains, and the marginal effect of Pease Limitations on itemized deductions, which increases the tax rate by 1.18 percent.

Real estate, retirement savings accounts, livestock, and timber are exempt for capital gain taxation in the state of Washington.

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Source: Tax Foundation State Individual Tax Rates and Brackets for 2020 as of March 2020