Colorado Capital Gains Tax Exemption. Colorado s maximum marginal income tax rate is the 1st highest in the united states ranking directly below colorado s. When you sell your home the capital gains on the sale are exempt from capital gains tax.
In colorado capital gains become even more complicated depending on whether they came from a colorado source or not. Tangible personal property acquired on or after may 9 1994 and held for five uninterrupted years or colorado located real property acquired on or after may 9 1994 and on or before. In colorado you ll pay capital gains taxes at the same rate you pay on your general income.
Since june 4 2009 the exclusion has been capped at 100 000 per qualified taxpayer per year and is applicable to capital gains recognized on the sales of.
Colorado source capital gain. Colorado collects a state income tax at a maximum marginal tax rate of spread across tax brackets. Colorado source capital gain. Irs forms publications and guidance.
