tax1111 Posted April 8, 2021 Report Posted April 8, 2021 a US green card holder who lives abroad all the time has rental property income from NJ and needs to report it on NJ 1040NR. Meanwhile, he has capital gain from US stock sales. He needs to report it on federal return but does not need to report the gain on his NJ 1040NR based on the sourcing rule, right? Quote
DANRVAN Posted April 10, 2021 Report Posted April 10, 2021 On 4/8/2021 at 12:57 PM, tax1111 said: has capital gain from US stock sales. He needs to report it on federal return but does not need to report the gain on his NJ 1040NR based on the sourcing rule, That sounds right but I can't say for sure how it works in NJ. For an Oregon citizen living abroad and qualifying for the Earned Income Exclusion, his Oregon based investments are not taxed by Oregon. Quote
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