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Thread: Question on exit tax when moving from NJ
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Old 01-26-2014, 08:49 PM
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Quote:
Originally Posted by Vladimir View Post
Transfer tax or exit tax is one and the same. Just moved from NJ and before I moved here I rented in NJ for 3 months after I sold my house. Paid about $500 at closing so the state gets the money and does not care where you move or rent or even stay in NJ - they get their money. HUD line item 1206
HUD line item 507 - Non Resident Tax - $2200 on a $110,000 sale price.