Question

Non resident of New Jersey gain

Forum|Forum|5 years ago
April 14, 2021
1 reply
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Hello.

I sold the rental property in New Jersey on 11/12/2020 with the gain of $91118. I was resident of NJ 1990-01/14/2017. During the time I was renting out my condo, I lived in Florida on my main house (11/13/2020-07/15/20)

How much not resident gain should I show on NJ tax return?

thank you

Kivogolan

E

ErnieS0

All of it. The entire gain on a rental property located in New Jersey is NJ taxable income. The location of the property determines the taxable amount, not the owner's residence.

File a nonresident NJ tax return.

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