Taxes can be complicated, especially when it comes to capital gains. Whether you’re preparing to sell real estate, stocks, or other valuable assets, understanding how capital gains tax in South Carolina works is crucial for effective financial planning. In this complete guide, we’ll explore what capital gains tax is, how it’s calculated, how it compares to other states, and what South Carolina residents should know to stay compliant and make the most informed financial decisions possible. What Is Capital Gains Tax? Capital gains tax is a tax on the profit made from selling an asset at a higher price than…
