I live in NJ and for tax purposes, I am a full year resident of NJ. In the NJwebfile site, I cannot find any option to report capital gains on my stock sales. Also in the instructions, I could not find anything relevant either. Does this mean, I don't have to report gains on my stock sales?
According to the NJ-1040 instructions:
Line 19 – Net Gains or Income From Disposition of Property
Complete Schedule NJ-DOP and enter the amount from Line 4. If the amount on Line 4 is a loss, make no entry on Line 19.
Do not include on Schedule NJ-DOP:
- Gains/losses from the disposition of property owned by a sole proprietorship, a partnership, or an S corporation. Report on Schedule NJ-BUS-1.
- Gains/losses from the disposition of property owned by an estate or trust (other than a grantor trust). Report on Line 26
Then directly below that part they discuss how to complete the Schedule NJ-DOP:
Line 1: List of Transactions
List any New Jersey taxable transaction(s) as reported on your federal Schedule D, indicating the gain or loss for each transaction in Column f. In listing the gain or loss on disposition of rental property, you must take into consideration the New Jersey adjustment from Worksheet GIT-DEP, Part 1, line 6.
it looks like most of the information for this schedule NJ-DOP is from Federal schedule D.