---
title: Capital Gains Tax
description: Tax payable on capital gains realized from the sale of a capital asset. Capital Gains Taxes are assessed by the federal government as well as by most states.
---

[Realized 1031 Glossary of Terms ](https://www.realized1031.com/glossary)

# [Capital Gains Tax](https://www.realized1031.com/glossary/capital-gain-tax)

 Written by [The Realized Team](https://www.realized1031.com/glossary/author/the-realized-team) | Jul 13, 2022 12:00:00 PM

Capital gains tax is tax payable on [capital gains](https://www.realized1031.com/glossary/capital-gain) realized from the sale of a [capital asset](https://www.realized1031.com/glossary/capital-asset). Capital Gains Taxes are assessed by the federal government in the United States as well as by most states. However, capital gains taxes may be deferred by conducting a [1031 exchange](https://www.realized1031.com/glossary/1031-exchange).

[View full post](https://www.realized1031.com/glossary/capital-gain-tax)

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