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RonDA64
New Member

New Jersey Capital Gains tax on Real estate

I do not qualify for any exclusion on the sale of my house in New Jersey.  Can I use investment (stock) losses to reduce the capital gain on the real estate sale on my New Jersey Tax return? I am reading that you cannot apply a net loss in one category of income against income or gains in a different category on your  NJ-1040.

 

I am reading that you can on the Federal return.  Please confirm

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