Washington State Capital Gains Tax

The new 7% tax on capital gains is in force for Washington residents. The Washington State Supreme Court has ruled that this tax on capital gains is constitutional and valid. This tax will apply to long-term capital gains that exceed $250,000 during a calendar year. Capital assets include stocks, bonds, certain business interests and more. The sale of real estate is excluded. There are many rules and exceptions regarding this new tax.

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Below are a few resources for reference: