No Wyoming Income Tax, but Federal Tax Still Applies
The Wyoming Business Council, a state agency, lists no personal state income tax and no corporate state income tax among Wyoming's tax features. A Jackson Hole investor selling a rental, a commercial building or land owes no Wyoming tax on the gain.
Federal tax is another matter. Capital gains tax and depreciation recapture apply to a taxable sale, and a 1031 exchange defers both when you buy like-kind real property within the 45-day and 180-day limits.
Sources: Wyoming Business Council: Wyoming tax climate; IRS Fact Sheet FS-2008-18
Recording a Teton County Deed: The Confidential Statement of Consideration
Wyoming law requires a sworn statement from the buyer or the buyer's agent with every deed presented to a county clerk. It gives the parties, the dates, the legal description, the full amount paid, the terms of sale and an estimate of any non-real property included, and the clerk cannot record the deed until it is received. The statement is not a public record: the clerk, the assessor, the boards of equalization and the Department of Revenue must keep it confidential.
The Teton County Clerk records deeds, and since July 1, 2017 recorded documents are filed electronically with the State of Wyoming and retrieved by document number. The Town of Jackson, incorporated in 1914, is the only incorporated municipality in Teton County.
Sources: Wyoming Statutes Title 34 (W.S. 34-1-142); Teton County Clerk: records; Town of Jackson: about our town government; Town of Jackson: history
A Qualified Intermediary for Teton County Investors
1031 Federal Exchange works with Jackson Hole investors by document and wire, alongside your local title company. We sign the exchange agreement before your sale closes, hold the proceeds so you never touch them, receive your written identification by Day 45 and fund the replacement purchase by Day 180. Attorney Steve Wolterman leads every exchange.
Jackson Hole, WY 1031 Exchange Questions
Is the price I pay for Jackson Hole property public?
No. Wyoming requires a sworn statement of the full amount paid with every deed, but the law says the statement is not a public record and must be kept confidential. It is used for sales ratio studies.
Is Jackson Hole a town?
Jackson Hole is the valley. The Town of Jackson, at the southern end of the valley, is the only incorporated municipality in Teton County, and the Teton County Clerk records deeds for property throughout the county.
State tax facts on this page were checked against official Jackson Hole, WY sources in November 2026. Tax rules change, and this page is general information, not tax advice for your situation. Confirm the details with your tax advisor before you sell.
Ready to plan a 1031 exchange on your Jackson Hole investment property? Contact 1031 Federal Exchange today.