Rhode Island Capital Gains Tax Calculator
Calculate your 2026 capital gains tax in Rhode Island. Rhode Island taxes capital gains at rates up to 5.99%, plus federal taxes.
Original purchase price
Renovations, additions — added to your basis
Agent commissions, closing costs, title & transfer fees
Total Tax
$45,780
22.9% effective rate
Capital Gain
$200,000
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Tax Breakdown
Sale price minus selling costs and all taxes (before any mortgage payoff).
Federal
$33,800
RI State
$11,980
Effective Rate
22.9%
Rhode Island Capital Gains Tax
Rhode Island taxes capital gains as ordinary income at rates up to 5.99%, which applies to 2026 taxable income over $186,450 for every filing status. This calculator applies the 5.99% top rate to the whole gain, so it overstates the tax for most filers. From 2027 a new surtax adds 1% on income over $1 million (2% in 2028, 3% from 2029), and Rhode Island stops following the federal Section 1202 exclusion for qualified small business stock.
Long-term: Taxed as ordinary income (up to 5.99%)
Short-term: Taxed as ordinary income (up to 5.99%)
NIIT Applied
The 3.8% Net Investment Income Tax applies because your income exceeds $200,000.
Rhode Island Capital Gains Tax Details
Tax Treatment
Tax Type
Taxed as ordinary income
Maximum Rate
5.99%
Available Exemptions
- Federal home-sale exclusion ($250K single / $500K married filing jointly) flows through to the Rhode Island return
- Selling costs and capital improvements reduce the taxable gain
Rhode Island Capital Gains Tax FAQ
Official References
- IRS Topic 409: Capital Gains and Losses
Federal capital gains tax guidance
- IRS Publication 523: Selling Your Home
$250K / $500K home-sale exclusion, basis adjustments, and selling expenses
- Rhode Island Division of Taxation — 2026 Inflation Adjustments (ADV 2025-22)
Rhode Island state capital gains rules
This calculator provides estimates. Consult a tax professional for advice specific to your situation in Rhode Island.
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