High-Plains
Returning Member

Capital gains taxes in Illinois

Does anyone know how Capital Gains are taxed in the state of Illinois?

Anonymous
Not applicable

State tax filing

at the same rate as any other income 4.95% for 2019 and 2020.  however, for capital gains arising from property held on 8/1/1969 gain attributable to the period before that date is not taxed by filing schedule F.  

High-Plains
Returning Member

State tax filing

Thanks Hack, I appreciate it