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    enitreb's Avatar
    enitreb Posts: 1, Reputation: 1
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    #1

    Mar 14, 2013, 11:47 AM
    Do I need to file a nj tax return
    My total income for 2012 is from stocks that total $123.72. Do I need to file a nj return?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Mar 14, 2013, 07:46 PM
    Is that your ONLY New Jersey income?

    If so, you still probably need to file, because the NJ Tax People take the same attitude as the IRS: If you do not submit a tax return to report gains and losses, they assume each stock sale has ZERO basis and the proceeds is all gain.
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