Area 1031 Exchanges for Real Real Estate Traders When a real estate investor offers real estate, a resources gains tax obligation is identified, in addition to a tax on deprecation regain. The regular resources gains tax, deprecation recapture, and also any type of applicable state tax can often lead to a tax responsibility in the 20% to 25% array for the sale of property. (If the realty has been held for less than year, every one of the gain will be strained at much greater short term funding gains prices.).