Combined rate and how to defer it in Oklahoma.
Oklahoma taxes capital gains as ordinary income at up to 4.75%, bringing the combined rate for investment property to 28.6% (20% federal + 3.8% NIIT + 4.75% state).
Oklahoma taxes capital gains as ordinary income at up to 4.75% at the state level. Combined with federal, you reach 28.6%. Estimate the full bill with depreciation recapture in the capital gains tax calculator.
A 1031 like-kind exchange defers the 28.6% combined rate by rolling all proceeds into a qualifying replacement property. Model the numbers in the 1031 exchange calculator and check your deadlines with the timeline calculator.