Calculate your federal and Rhode Island capital gains tax liability
Calculate Your
Rhode Island Capital Gains Tax
Rhode Island taxes capital gains as ordinary income using a progressive system with rates up to 5.99%.
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Rhode Island Capital Gains Tax Highlights
Enter Your Investment Details
Calculate your capital gains tax for Rhode Island
📊 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 Rhode Island tax rates
Tax Calculation Results
How Rhode Island Taxes Capital Gains
Rhode Island taxes capital gains as ordinary income using a progressive system with rates up to 5.99%.
2025 Tax Brackets
Rhode Island Tax Details
Tax Rate Structure
Capital gains are taxed as ordinary income using progressive tax brackets.
Key Requirements
Rhode Island Tax Strategies
- • Consider timing of asset sales for tax efficiency
- • Coordinate with federal capital gains strategies
- • Review loss harvesting opportunities
• Consult with Rhode Island tax professional for complex situations
Related Tax Services
Real Estate in Rhode Island
Real estate capital gains in Rhode Island are subject to both federal and state tax considerations:
Rhode Island Real Estate Tax Rate
Real estate capital gains in Rhode Island are taxed as ordinary income up to 5.99%.
Primary Residence
Federal Rules
Rhode Island 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
Available Exemptions:
- • Certain family transfers
- • Transfers to secure a debt.
Recording Fees
Additional Fees:
- • A $4 fee to the state affordable housing fund is included.
Special Deductions & Notes:
- • Standard federal depreciation rules apply.
Investment & Tax Services
Property Tax Exemptions
Homestead
$0K
Maximum exemption
Senior (65+)
$0K
Additional exemption
Rhode Island Real Estate Specifics
• Rhode Island levies a significant Real Estate Conveyance Tax of 0.46%, paid by the seller.
• All property tax exemptions, including for homesteads and seniors, are determined and administered by the individual cities and towns, leading to wide variation across the state.
Real Estate & Investment Services
Rhode Island Filing Requirements
Due Dates
Required Forms
- • Form RI-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 Rhode Island to Other States
Tax Calculation Results
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