“No State Income Tax” Is True. It’s Also Just the Beginning.
A printable worksheet that walks you through the full financial picture of moving to Nevada — federal capital gains on your departing home, the state-tax shift, the Nevada line items most buyers don’t see coming, and a net move calculation you can take to your CPA.
The five-part calculation.
- Part 1 — The departing home. Section 121 capital gains exclusion, step-by-step. Where most relocating families miscalculate.
- Part 2 — The state tax shift. Effective rates for the seven highest-tax states most likely to be your departure point.
- Part 3 — Nevada-specific closing and first-year line items. The one filing with the Clark County Assessor you cannot miss.
- Part 4 — Ongoing differences in cost of living. What goes up, what goes down, what stays the same.
- Part 5 — The net move calculation. Year 5 and Year 10 cumulative benefit.
This worksheet is for you if…
- You're considering a move from California, Oregon, Washington, New York, Massachusetts, Minnesota, Hawaii, or any other high-tax state.
- Your departing home has appreciated significantly and the federal capital gains question is real.
- You've heard "no state income tax" and want to know what the full picture actually looks like.
- You want a single document to bring to your CPA and your spouse so all three of you are looking at the same numbers.
Real numbers, honestly modeled.
We aren't tax advisors and we don't pretend to be. What we are: licensed Nevada real estate agents who work with relocating families every month and have learned which line items catch out-of-state buyers off-guard. This worksheet exists because the conversation we have on the first call is almost always the same one.
After you've worked through it, we'll model your specific situation precisely on a 30-minute 30-minute Buyer Consultation and refer you to Nevada CPAs we trust.
Frequently asked.
Are the numbers in here legal advice?
No. They are educational estimates. Every line should be reviewed with a CPA familiar with both your departing state and Nevada residency. Tax law changes; the figures cited reflect publicly available information as of 2026.
What if I'm not sure about my capital gain?
That's the most common question. Bring the worksheet to your CPA along with your closing statement from when you bought the home and a record of capital improvements. They'll calculate your adjusted basis precisely.
Do you have a Nevada CPA you recommend?
Yes — we maintain a short list of Nevada CPAs who work with relocating families. We'll share names on the consultation.
Can you help me time the move for tax purposes?
Residency timing — when to sell the departing home relative to when to establish Nevada residency — is meaningful and worth modeling carefully. Your CPA leads on this; we coordinate the real estate side.
Ready to model your specific numbers?
Schedule a 30-minute Buyer Consultation. We bring a working spreadsheet, walk through your variables, and connect you with the Nevada CPAs and lenders we trust.
Schedule a Buyer Consultation →