GTA Accounting Group helps with proper capital gains reporting for individuals, trusts, and businesses. We classify gains, calculate holding periods, apply exclusions or losses, and file accurately with NJ and the IRS. Incorrect reporting can lead to audits, penalties, and interest. Whether it’s a one-time transaction or multiple sales, we ensure correct tax classification and timely compliance. We also help with amended returns if past filings had errors.
Primary residence sales may be partially or fully exempt under IRS rules, but NJ still may apply state-level tax.
Selling rental or commercial property can yield substantial gains. NJ taxes apply, and depreciation must be recaptured.
Stock sales held in brokerage accounts must be reported if gains exceed the exemption limits or if sold within a year.
Inherited property receives a stepped-up basis. NJ and federal tax may still apply based on the gain at the time of sale.
Non-residents selling NJ real estate must file a NJ non-resident return and pay applicable capital gains taxes.
We prepare and file capital gains tax returns, calculate short- and long-term gains, and resolve tax notices from NJ and the IRS.
Anyone who sold property, stocks, business assets, or inherited taxable assets in New Jersey.
Before selling significant assets, or immediately after a sale, to avoid late filing or incorrect reporting.
New Jersey does not have a separate capital gains tax rate. Instead, capital gains are taxed as part of your regular state income. This means that your gains are added to your total income and taxed under NJ's graduated income tax brackets. As of 2025, NJ tax rates range from 1.4% to 10.75% depending on your income. Short-term and long-term gains are treated the same under NJ tax law, unlike federal rules which offer reduced rates for long-term gains.
Get in touch
You may qualify for specific capital gains exclusions at the federal level, like the home sale exclusion under IRS Section 121. New Jersey, however, does not offer many of the same breaks. Understanding which exemptions apply at the state vs federal level is essential for accurate filing. We evaluate your full tax position and use all eligible deductions and exclusions to lower your liability.
Federal law allows exclusion of $250,000 (single) or $500,000 (married) if the home was your primary residence for 2 of 5 years.
NJ does not follow federal home-sale exemptions fully. Tax may still apply to a portion of the gain.
This applies only to primary residences and is limited to the federal level. Must meet ownership and use tests.
Some trusts and estates qualify for stepped-up basis and deferral options. We handle trust-related capital gains filings.
Reducing your capital gains tax starts with planning before the sale. We help with tax-loss harvesting, identifying assets that qualify for exclusions, and planning sale timing to reduce tax brackets. For business or real estate, we also advise on deferral strategies like 1031 exchanges or instalment sales. With proper planning, you can legally reduce or defer your capital gains liability.
Time your sale to offset capital losses, and consider long-term holds or instalment sales.
Allows deferral of capital gains if you reinvest proceeds in like-kind property within IRS deadlines.
Losses on stocks or property can offset gains. Excess losses can carry forward to future years.
Holding property or stocks for more than a year helps reduce federal tax, though NJ taxes gains as income regardless.
We serve clients across the state, including urban, suburban, and rural counties. Whether you are in North Jersey, Central, or South NJ, we offer remote and in-person support. Services are available for individuals, businesses, and trusts dealing with real estate, stocks, or inherited assets.
Support for property sales, retirement accounts, and high-net-worth clients in Atlantic County.
Assistance with state-level filings, notices, and multi-asset capital gains management.
Serving investors, trust beneficiaries, and homeowners with complex capital gains cases.
Handling both resident and non-resident tax returns with NJ capital gains implications.
Available across NJ including Cherry Hill, Edison, Paterson, and remote appointments.
GTA Accounting Group has years of experience handling capital gains taxes for NJ residents, investors, and small business owners. We prepare accurate filings, respond to NJ and IRS tax notices, and apply every possible exemption or deferral. Whether you need planning before a sale or help correcting a previous return, our CPAs ensure full compliance with minimal risk.
We understand depreciation recapture, stepped-up basis, and NJ real estate gain reporting requirements.
We help reduce tax liability through forward planning, exemptions, and IRS-compliant strategies.
Local knowledge of NJ tax code with support for audits, notices, and amended returns.
We file both state and federal returns correctly and on time to avoid penalties or interest.
Managing capital gains tax in New Jersey can be complex, but you don't have to navigate it alone. At GTA Accounting Group, we're committed to providing personalised, expert guidance tailored to your unique financial situation.
Ready to manage your capital gains tax obligations? Contact GTA Accounting Group today to schedule a consultation. Our team is here to assist you every step of the way.
Let us help you navigate the complexities of capital gains tax and confidently achieve your financial goals.
Understanding capital gains tax in New Jersey can be a complex process. Here are answers to some common questions to help clarify key aspects:
Get in touch
GTA Accounting Group
100 Horizon Centre Blvd. Hamilton, New Jersey 08691
 (1)-poster-00001.jpg)
