Brian P2
New Member

State tax filing

@MarilynG1 @After looking at the article you posted it doesn’t indicate that the capital gains are taxable by the state. Rather it indicates that it will be reported on 1099b..

it indicates this specifically on nj site, that its not taxable: “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.”

https://www.nj.gov/treasury/taxation/njit9.shtml


am I misunderstanding the NJ site?