Kentucky brokerage account growth calculator

What a taxable index-fund account is actually worth after expense-ratio drag and after Kentucky takes its share of the gain — which, in most states, is not at the federal preferential rate.

Kentucky taxes your gains as ordinary income

There is no state equivalent of the federal preferential rate here — a long-term gain is charged at Kentucky's normal income brackets, exactly like wages. This is the common case, and it surprises people who assume the federal 15% carries over. Long-term capital gains are taxed as ordinary income at the flat 3.5%. Kentucky provides no preferential rate, no holding-period discount and no general capital gains exclusion, and the federal preferential long-term rate does not carry over. KRS 141.019 contains exactly ONE capital gains exclusion, at subsection (1)(j): capital gains income attributable to property taken by EMINENT DOMAIN. That single narrow carve-out is the exception that establishes the rule - Kentucky legislated a specific exclusion where it wanted one and legislated no other.