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What is Washington state capital gains tax?

Washington state’s 7% capital gains tax is the 12th-highest rate in the country. State capital gains tax requirements are in addition to federal capital gains taxes. Are there any exemptions or exclusions?

How do I pay my Washington state capital gains tax?

Federal Tax Return: You must submit a copy of your federal tax return along with your Washington State Capital Gains Tax filing. Electronic Payment: If you owe taxes, payment must be made electronically. Washington State does not accept paper checks for tax payments.

Who is liable for capital gains tax in Washington State?

This tax only applies to individuals. However, individuals can be liable for the tax because of their ownership interest in a pass-through or disregarded entity that sells or exchanges long-term capital assets. The tax only applies to gains allocated to Washington state.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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