Combined rate and how to defer it in Wyoming.
Wyoming has no state income tax, so investment property sellers owe only the federal capital gains rate: up to 23.8% (20% federal + 3.8% NIIT, 0% state). Wyoming pairs that with no estate tax, making it one of the more tax-favorable states for property investors.
Wyoming has no state income tax. Capital gains on investment property are taxed at the federal level only. Estimate the federal bill with depreciation recapture in the capital gains tax calculator.
A 1031 like-kind exchange defers the full 23.8% federal rate by reinvesting all proceeds into a replacement property. Model the exchange in the 1031 exchange calculator and get your deadline dates from the timeline calculator.