Area 1031 Exchanges For Specific Estate Traders When a real estate investor markets real estate, a resources gains tax obligation is identified, in addition to a tax on deprecation recapture. The regular funding gains tax, deprecation recapture, as well as any suitable state tax obligation can typically result in a tax obligation liability in the 20% to 25% variety for the sale of property. (If the realty has been held for less than one year, every one of the gain will be taxed at much greater short-term funding gains prices.).