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State tax filing
Just to confirm, it seems according to NJ that "Gains or losses realized from the sale or exchange of exempt obligations such as United States Treasury bonds are not taxable, nor are capital gains distributions from a qualified investment fund attributable to exempt obligations."
It also appears on NJ's Tax Topic Bulletin GIT-5 that capital gains from also suggests that US Treasuries are exempt for interest and capital gains in NJ (https://www.nj.gov/treasury/taxation/pdf/pubs/tgi-ee/git5.pdf).
So if that's the case, how should I input my 1099-B items relating to US Treasuries based on my initial question? Thanks!
‎February 11, 2024
8:45 PM