https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2791037#M1030368 <P>Just sold vacation condo in South Carolina. Used only for personal use. Had it for 2 years. After all closing costs, capital gain is $70K. Then 7% capital gains tax for South Carolina was deducted,$4,900 and paid to SC. When I figure Federal capital gain,&nbsp; do I use</P><P>&amp;70k or 70k minus $4,900 ($65,100)</P> Tue, 10 Mar 2026 07:02:37 GMT 7496 2026-03-10T07:02:37Z https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2791037#M1030368 <P>Just sold vacation condo in South Carolina. Used only for personal use. Had it for 2 years. After all closing costs, capital gain is $70K. Then 7% capital gains tax for South Carolina was deducted,$4,900 and paid to SC. When I figure Federal capital gain,&nbsp; do I use</P><P>&amp;70k or 70k minus $4,900 ($65,100)</P> Tue, 10 Mar 2026 07:02:37 GMT https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2791037#M1030368 7496 2026-03-10T07:02:37Z https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/2791774#M1030369 <P>The SC capital gain taxes is on the total gain less selling expenses. The state taxes are not deducted in calculating the capital gain.</P> Wed, 16 Nov 2022 18:50:44 GMT https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/2791774#M1030369 VincentL2 2022-11-16T18:50:44Z