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Capital Gains Tax in West Virginia
By Priya Raman
West Virginia's 5.12% keeps the state near the national average.
West Virginia's 5.12% keeps the state near the national average.
West Virginia taxes capital gains as ordinary income, with a top bracket of 5.12%. Combined with the federal 20% rate and the 3.8% NIIT, an investment property seller faces a ceiling of 28.9%.
There's no special rate for capital gains in West Virginia; the state's regular income tax brackets apply, topping out at 5.12%. Stack federal and NIIT on top and the ceiling reaches 28.9% combined. Estimate the specific number for a sale, depreciation recapture included, with the capital gains tax calculator.
A 1031 exchange defers the full 28.9% owed on a West Virginia sale by sending the proceeds straight into a new like-kind property instead of cash in hand. The state doesn't layer on additional exchange requirements past the federal ones. Run the numbers in the 1031 exchange calculator and keep the 45-day and 180-day deadlines from the timeline calculator visible.
For the deadline and boot mechanics behind the West Virginia numbers above, read the 1031 exchange guide, then see how West Virginia compares to other states in the rate table.