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Part year new jersey resident sold stock for gains before becoming resident

I moved to New Jersey in October 2019 and hence filling part-year new jersey resident. I sold stocks for substantial gains in August 2019. Am I supposed to NJ state taxes on these gains? (I was a resident of Washington before October 2019, which is a no-state tax state)

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DavidS127
Expert Alumni

Part year new jersey resident sold stock for gains before becoming resident

No, you the gains you realized before you moved to NJ are not taxable by NJ.  You file as a part-year resident, and include on the NJ return only the income received while a resident of NJ.  As you prepare your NJ state tax return, be aware for screens that may need a manual entry by you to report the income received while a NJ resident.

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1 Reply
DavidS127
Expert Alumni

Part year new jersey resident sold stock for gains before becoming resident

No, you the gains you realized before you moved to NJ are not taxable by NJ.  You file as a part-year resident, and include on the NJ return only the income received while a resident of NJ.  As you prepare your NJ state tax return, be aware for screens that may need a manual entry by you to report the income received while a NJ resident.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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