Are the person's capital gains from sales of stock subject to the CIT? Use the free New Jersey Online Filing Service to file your 2024 NJ-1040 return.It's simple and easy to follow the instructions, complete your NJ tax return,. Prior Year. 1. 2. 3. 4. Capital, capital surplus, and retained earnings are not separately recorded, and we had recorded those items as a 'Net investment capital'. Unrealized gains and losses related to equity securities and trading debt securities are included in investment income and other. Expenditures for business expansion or amortization of capital indebtedness shall not be used as deductions in determining net income. Scope of Examination.