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New Member
posted May 31, 2019 5:33:47 PM

Capital losses NJ tax return

I do not see capital losses from sales of securities populating on my NJ State return. Is there a way to add them or to check if the loss is used for final tax calc?

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1 Best answer
Level 15
May 31, 2019 5:33:49 PM

As an NJ Resident you should know that NJ does not allow a deduction for net capital losses (losses exceed gains).

1 Replies
Level 15
May 31, 2019 5:33:49 PM

As an NJ Resident you should know that NJ does not allow a deduction for net capital losses (losses exceed gains).