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April 15, 2025
Question

Turbotax is counting capital gains from stocks as sales of property on NJ form

  • April 15, 2025
  • 1 reply
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When filling out the NJ State Return form with Turbotax, it's counting my capital gains from stocks as sales of property. Is this defect in the software/website? It gives me the option to omit those out in the next page, but I just want to double check before omitting them just in case there's some weird law where NJ counts capital gains from stocks as sales from property.

1 reply

rjs
April 15, 2025

"Property" is a general term that includes anything you own, including stocks. The stock sales are supposed to be reported as sales of property. Do not omit them.