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    aec4's Avatar
    aec4 Posts: 1, Reputation: 1
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    #1

    Jan 31, 2008, 07:05 AM
    Sold 2nd home in NC, NJ Resident
    I'm a full time resident of NJ, and had a vacation home in NC. We sold it in 2007. I know I have to pay federal and NJ capital gains. Do I also have to file an NC return for the capital gains?

    I heard if I pay NC taxes, I'll get a credit on my NJ taxes, but I want to know if I even need to. I never earned any rental income or any income of any kind in NC.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 1, 2008, 10:53 PM
    If you made a profit on the sale, then, yes, you have to file a NC tax return.
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