1031 Exchanges in South Carolina

Everything you need to know about buying and selling South Carolina real estate while minimizing your taxable gain.

South Carolina Capital Gains Tax Rates

The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent). The Combined Rate does not account for South Carolina permitting of a 44% State deduction of Federally taxable capital gains.

6.40%

State Rate

0.00%

Local Rate

44% deduction

Deductions

31.40%

Combined Rate

South Carolina Income Tax Rates

Bracket levels adjusted for inflation each year. Release dates for tax bracket inflation adjustments vary by state and may fall after the end of the applicable tax year. Deduction or exemption tied to federal tax system. Federal deductions and exemptions are indexed for inflation.

Find a Qualified Intermediary

Work with a qualified intermediary to qualify for a tax deferred real estate exchange. Find a local South Carolina intermediary or exchange facilitator below.

Banker Exchange, LLC

777 Lowndes Hill Rd., Bldg 3, Suite 110, Greenville SC 29607

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