Calculate your federal and South Carolina capital gains tax liability
Calculate Your
South Carolina Capital Gains Tax
South Carolina taxes capital gains at a top rate of 6.4% but allows a 44% deduction on net long-term capital gains, resulting in a very low effective rate.
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South Carolina Capital Gains Tax Highlights
Enter Your Investment Details
Calculate your capital gains tax for South Carolina
📊 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 South Carolina tax rates
Tax Calculation Results
How South Carolina Taxes Capital Gains
South Carolina taxes capital gains at a top rate of 6.4% but allows a 44% deduction on net long-term capital gains, resulting in a very low effective rate.
Special Deduction Available
44% deduction on net long-term capital gains
2025 Tax Brackets
South Carolina Tax Details
Tax Rate Structure
South Carolina provides preferential treatment for certain types of capital gains.
Key Requirements
On qualifying gains
South Carolina Tax Strategies
- • Maximize deductions by holding assets for required periods
- • Time gains to optimize deduction benefits
- • Consider staggering sales across tax years
• Consult with South Carolina tax professional for complex situations
Related Tax Services
Real Estate in South Carolina
Real estate capital gains in South Carolina are subject to both federal and state tax considerations:
South Carolina Real Estate Deductions
South Carolina offers 44% deduction on net long-term capital gains for capital gains, including real estate transactions. This can significantly reduce your state tax liability.
Primary Residence
Federal Rules
South Carolina State Rules
State deduction available
44% deduction on net long-term capital gains
Additional Requirements:
- • Follows federal IRC Section 121. The 44% state capital gains deduction also applies to qualifying gains.
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:
- • The Deed Recording Fee is the primary transfer cost.
Special Deductions & Notes:
- • The 44% exclusion applies to long-term gains from investment properties.
Investment & Tax Services
Property Tax Exemptions
Homestead
$50K
Maximum exemption
South Carolina Real Estate Specifics
• South Carolina's "Deed Recording Fee" acts as a real estate transfer tax of 0.37%.
• Primary residences are assessed at a much lower 4% ratio compared to 6% for investment properties, resulting in lower taxes.
• The state does not conform to federal bonus depreciation.
Real Estate & Investment Services
South Carolina Filing Requirements
Due Dates
Required Forms
- • Form SC1040
- • Capital gains schedule
- • Federal Form 8949 & Schedule D
Payment Options
- • Online payment portal
- • Electronic funds transfer
- • Check or money order
Tax Professional Services
Compare South Carolina to Other States
Tax Calculation Results
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