Hello all. First time poster here. Question. My in laws sold a building in Tennessee while living in Mississippi. The sale price was $800k. They sat down with their CPA and they were told their capital gains tax would be nearly $200k. I don’t know the exact number. But that is about 25%. The building was quitclaim deeded over to my FIL somewhere in 2016-17. I was under the impression that capital gains for Tennessee were 0% and Mississippi is lower than 25%. Is that all federal tax being tacked on or what?