Is there a capital gains tax in Alaska?
No. Alaska is one of the few states with neither a personal income tax nor a statewide sales tax, so an Alaska resident who sells shares, land or a business interest owes nothing to the state on the profit. The Permanent Fund Dividend is income for federal purposes, but it does not change that answer.
The bill that remains is federal: 0%, 15% or 20% on a long-term gain depending on total taxable income, ordinary rates on a short-term one, and the 3.8% net investment income tax once modified AGI passes $200,000 single or $250,000 joint. Property sold in another state, such as a rental in Washington or Oregon, can still be taxed by that state as source income.
Keep Alaska residency separate from federal liability
The Alaska Court System’s tax guidance explicitly confirms that Alaska has no state individual income tax. This applies to the individual worksheet here; a corporation, trust or estate can raise a different tax question. An Alaska address is not a substitute for deciding which taxpayer legally sold the asset.
The court’s probate guidance is particularly useful for inherited investments. Keep the acquisition and valuation records, identify whether the estate sold the property before distribution, and distinguish that seller from a beneficiary who later sells an inherited asset. This calculator models an individual’s ordinary sale rather than a fiduciary return.
For a confirmed Alaska resident individual scenario, select the no-state-income-tax mode. The state component is zero but the federal result still depends on adjusted basis, other taxable income and NIIT amounts. If property or a business in another jurisdiction produced the gain, prepare that jurisdiction’s comparison separately instead of treating Alaska’s zero as a nationwide exemption.
Alaska preparation checklist
- Identity of the actual seller
- Inherited-asset valuation and basis records
- Other jurisdictions connected to the sale