Combined rate and how to defer it in West Virginia.
West Virginia taxes capital gains as ordinary income at up to 5.12%, bringing the combined investment property rate to 28.9% (20% federal + 3.8% NIIT + 5.12% state).
West Virginia taxes capital gains as ordinary income at up to 5.12% at the state level. Combined with federal, the total is 28.9%. See the full estimate with depreciation recapture in the capital gains tax calculator.
A 1031 like-kind exchange defers the combined 28.9% rate by reinvesting all proceeds into a qualifying replacement property. Model the exchange in the 1031 exchange calculator and check your deadlines with the timeline calculator.