How you can get back what you pay for the "exit tax."(MichaelKirsch/morguefile.com) Q. In June 2016 I sold my home in New Jersey while residing in Delaware. The home was purchased in 2004 and we moved in 2007. The "exit tax" withheld $10,000. Can this be reclaimed when I file my taxes? Can I file this as a "loss?"
-- Assistance needed A. The "exit tax" isn't a penalty tax, and having to pay doesn't mean a loss. When you sold your New Jersey home, you had to make an estimated