Sold a rental property in non-resident state

[sbavc]

Hi, I live in NYC and sold a rental property in NJ in 2020 for a profit. Do I need to file a non-resident NJ tax for the transfer tax paid to NJ for the sale of the rental home?

[ThomasM125]

Yes, exactly, you need to file a New Jersey non-resident tax return since you received income sourced in New Jersey.

[TomD8]

You have to file an non-resident NJ tax return because a capital gain from the sale of property located in NJ is taxable by NJ, as well as by your home state of NY.

In TT, complete your non-resident NJ return first, before your NY return, so that NY credits you for the taxes paid to NJ.