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Minnesota

Minnesota Capital Gains Tax Calculator

Calculate your 2026 capital gains tax in Minnesota. Minnesota taxes capital gains at rates up to 9.85%, plus federal taxes.

Sale Details

Original purchase price

Renovations, additions — added to your basis

Agent commissions, closing costs, title & transfer fees

Minnesota Tax Estimate

Total Tax

$53,500

26.8% effective rate

Capital Gain

$200,000

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Tax Breakdown

Sale Price$500,000
Cost Basis-$300,000
Capital Gain$200,000
Federal Tax-$33,800
↳ Includes NIIT (3.8%)$3,800
Minnesota State Tax-$19,700
Net Cash to You$446,500

Sale price minus selling costs and all taxes (before any mortgage payoff).

Federal

$33,800

MN State

$19,700

Effective Rate

26.8%

Minnesota Capital Gains Tax

Minnesota taxes capital gains as ordinary income at rates up to 9.85%, plus a 1% net investment income tax on investment income over $1 million (the same threshold for every filing status). This calculator applies the 9.85% top rate to the whole gain, so it overstates the tax for most filers. It also counts your other income toward the $1 million threshold, while Minnesota counts only net investment income, so the 1% tax can be overstated when most of your income is wages.

Long-term: Taxed as ordinary income (up to 9.85%); +1% on net investment income over $1 million

Short-term: Taxed as ordinary income (up to 9.85%); +1% on net investment income over $1 million

NIIT Applied

The 3.8% Net Investment Income Tax applies because your income exceeds $200,000.

Minnesota Capital Gains Tax Details

Tax Treatment

  • Tax Type

    Taxed as ordinary income

  • Maximum Rate

    9.85%

Available Exemptions

  • Federal home-sale exclusion ($250K single / $500K married filing jointly) flows through to the Minnesota return
  • Gain on Minnesota class 2a agricultural property is excluded from the 1% net investment income tax
  • Selling costs and capital improvements reduce the taxable gain

Minnesota Capital Gains Tax FAQ

Official References

This calculator provides estimates. Consult a tax professional for advice specific to your situation in Minnesota.

Track Your Minnesota Investment Taxes

Jupid AI Accountant helps Minnesota residents track investment income and calculate capital gains taxes automatically.