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State tax filing
No. According to NJSA 54A:5-10(c) - NJ uses the federal adjusted basis to calculate the gain on the disposition of an asset. So basis has increased by the accretion amount taxed each year so that when the bond is sold, accrued interest paid is part of basis both at the federal level and with NJ.
There would be no add back in the NJ interview.
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3 weeks ago