Get Delaware Form 5403 For 2014

Delaware follows the federal rule, so if you don't have to pay capital gains tax to the IRS, you won't have to pay taxes to the state, either — with one exception. If you don't live in Delaware and you sell Delaware real estate, your gains will be taxed at a rate of 6.75%.

Cost of selling a home in Delaware Transfer taxes: Delaware has the highest state real estate transfer tax in the country: 4 percent of the purchase price, with 2.5 percent going to the state and 1.5 percent to the county.

How to avoid capital gains tax on real estate Live in the house for at least two years. The two years don't need to be consecutive, but house-flippers should beware. ... See whether you qualify for an exception. ... Keep the receipts for your home improvements.

The Division of Revenue links for online filing options are available at https://revenue.delaware.gov/file/.

Capital Gains Tax Any gain from the sale of real estate in Delaware by an individual that lives in a different state is taxed at 6.75 percent. This applies to any gain minus any expenses of selling the real estate.

Delaware form 5403 is a real estate tax return that helps nonresidents individuals and companies pay their share of taxes on any gains they've had on sale of their investment or rental property.

In Delaware, capital gains on real estate investments are considered to be income and therefore subject to taxation at Delaware's capital gains rate.

First-time buyers in Delaware typically qualify for state-level exemptions. For example, Delaware first-time buyers automatically qualify for a state transfer tax exemption on a purchase price up to $400,000. First-time buyers purchasing property worth more than $400,000 will pay 1.25% of the amount above $400,000.