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Capital Gains Tax in Wyoming
By Priya Raman
No income tax and no estate tax; Wyoming is built for holding property.
No income tax and no estate tax; Wyoming is built for holding property.
Wyoming has no income tax, no estate tax, and no capital gains tax of its own, which is part of why the state shows up so often in long-term real estate and trust planning. A seller here owes the federal government only, topping out at 23.8% between the 20% long-term rate and the 3.8% NIIT.
There's no state-level exchange paperwork to worry about in Wyoming, since the state doesn't tax the gain in the first place. A 1031 exchange here does one job: defer the federal 23.8%, nothing more, nothing less. Build out the swap in the 1031 exchange calculator and keep the 45-day and 180-day deadlines from the timeline calculator in view.
The Wyoming-specific number is easy: there isn't one beyond the federal 23.8%. Plug your basis and sale price into the capital gains tax calculator to see how depreciation recapture affects the final figure.
Selling in Wyoming does not change the federal 45-day and 180-day exchange clock; only the state's share of the total rate shifts. Model your own Wyoming numbers in the timeline calculator.