Calculate your federal and Connecticut capital gains tax liability
Calculate Your
Connecticut Capital Gains Tax
Connecticut taxes capital gains as ordinary income with rates ranging from 2% to 6.99%.
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Connecticut Capital Gains Tax Highlights
Enter Your Investment Details
Calculate your capital gains tax for Connecticut
📊 Enter your annual taxable income before including this capital gain. This determines your capital gains tax bracket.
📊 Choose your investment holding period
Calculator optimized for Connecticut tax rates
Tax Calculation Results
How Connecticut Taxes Capital Gains
Connecticut taxes capital gains as ordinary income with rates ranging from 2% to 6.99%.
2025 Tax Brackets
Connecticut Tax Details
Tax Rate Structure
Capital gains are taxed as ordinary income using progressive tax brackets.
Key Requirements
Connecticut Tax Strategies
- • Consider timing of asset sales for tax efficiency
- • Coordinate with federal capital gains strategies
- • Review loss harvesting opportunities
• Consult with Connecticut tax professional for complex situations
Related Tax Services
Real Estate in Connecticut
Real estate capital gains in Connecticut are subject to both federal and state tax considerations:
Connecticut Real Estate Tax Rate
Real estate capital gains in Connecticut are taxed as ordinary income up to 6.99%.
Primary Residence
Federal Rules
Connecticut State Rules
State tax applies to gain above federal exclusion
Must file state return if gain exceeds exclusion
Additional Requirements:
- • Follows federal IRC Section 121.
Investment Property
Tax Deferral Strategies
1031 Like-Kind Exchanges
Defer federal taxes on investment property exchanges
Transfer Costs
Transfer Tax
Local Variations:
- • Municipalities can add a flat 0.25% rate.
Available Exemptions:
- • Transfers between certain family members
- • Sales under $2,000
- • Foreclosures.
Recording Fees
Additional Fees:
- • $2 fee for properties in a town with a CEDF
- • $59 for nominee of a mortgagee fee.
Special Deductions & Notes:
- • Must add back any federal bonus depreciation and use state-specific depreciation schedules.
Investment & Tax Services
Property Tax Exemptions
Homestead
$250K
Maximum exemption
Senior (65+)
$0K
Additional exemption
Connecticut Real Estate Specifics
Mansion Tax Surcharge: 2.25% on residential property value exceeding $2.5 million (over $2500K)
• Connecticut has a significant Real Estate Conveyance Tax, paid by the seller.
• A "mansion tax" applies to residential properties sold for over $2.5 million.
• The state offers a property tax credit of up to $300 for eligible residents, not a traditional homestead exemption for tax purposes.
• Connecticut does not allow for federal bonus depreciation.
Real Estate & Investment Services
Connecticut Filing Requirements
Due Dates
Required Forms
- • Form CT-1040
- • Capital gains schedule
- • Federal Form 8949 & Schedule D
Payment Options
- • Online payment portal
- • Electronic funds transfer
- • Check or money order
Tax Professional Services
Compare Connecticut to Other States
Tax Calculation Results
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