topic Gain Losses Report for New Jersey in Get your taxes done using TurboTax

Gain Losses Report for New Jersey

yvk_99 — Thu, 01 Apr 2021 19:33:33 GMT

I have a lot of stock transactions for 2020...I have written 'Various' and entered values on Sch NJ DOP.

Do I have to mail in a statement to NJ detailing the stock transactions --

just like how I mail in 8949 detail reports for Federal with stock transactions?

Re: Gain Losses Report for New Jersey

ErnieS0 — Fri, 02 Apr 2021 00:04:18 GMT

No. You do not have to mail a statement to NJ detailing stock transactions. The instructions for NJ-DOP say to keep a copy of the schedule for your records.

New Jersey and the federal government share information.

Re: Gain Losses Report for New Jersey

fanfare — Fri, 02 Apr 2021 03:25:39 GMT

@yvk_99

If you file NJ tax return by mail, enclose NJ-DOP with your return.

This is another reason to use the Summary option ( recommended) with consolidated 1099-B.