Area 1031 Exchanges For Selected Estate Investors When a real estate investor markets real estate, a funding gains tax obligation is identified, together with a tax on deprecation regain. The regular resources gains tax, deprecation recapture, as well as any type of applicable state tax obligation can usually result in a tax obligation responsibility in the 20% to 25% range for the sale of realty. (If the real estate has been held for less than one year, all of the gain will be strained at much greater short-term resources gains prices.).