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High-Plains
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Capital gains taxes in Illinois

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

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2 Replies
Anonymous
Not applicable

Capital gains taxes in Illinois

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
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Capital gains taxes in Illinois

Thanks Hack, I appreciate it

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