topic State Capital Gains in Investors & landlords

State Capital Gains

mikejf — Mon, 09 Mar 2026 05:07:19 GMT

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?

Re: State Capital Gains

Critter-3 — Wed, 23 Feb 2022 23:53:57 GMT

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

Re: State Capital Gains

ThomasM125 — Wed, 23 Feb 2022 23:59:02 GMT

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.