ErnieS0
Expert Alumni

Investors & landlords

You may have a capital loss carryforward or the gain/losses for New York and New Jersey are different.

 

New Jersey does not allow for capital loss carryforwards. If your federal and New York capital losses were due to carry forwards from 2021, that may be why you are showing a gain for NJ.

 

See Tax Champ Mike9241’s answer in “Why NJ does not consider carryover capital loss from the prior year's?”

 

You don’t say what state you were a resident of — or if you were a part-year resident. In either case, you may have NY or NJ-specific gains or losses.

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