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N.J.S.A. § 54A:5-2.

Losses

Official textNew Jersey Statutes Annotated (Tax)lis.njleg.state.nj.uslast amended
Summarize

Losses which occur within one category of gross income may be applied against other sources of gross income within the same category of gross income during the taxable year. However, a net loss in one category of gross income may not be applied against gross income in another category of gross income.

L.1976, c. 47, s. 54A:5-2, eff. July 8, 1976, operative Aug. 30, 1976.

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In this chapter (40 sections)
  1. 54:5-114.9. · Cancellation of tax sale certificate
  2. 54:5-115. · Certain sales confirmed; subsequent liens continued
  3. 54:5-116. · Lands acquired at tax sale; exchange for park lands
  4. 54:5-121. · Conveyance or transfer of lands to state for use as forest…
  5. 54:5-122. · Release of obligation to collect taxes, etc.; exemption…
  6. 54:5-123. · Right of redemption
  7. 54:5-124. · Amount required to redeem
  8. 54:5-126a. · Conveyance of land not suitable for forest park…
  9. 54:5-126b. · Redemption of land from municipality; amount
  10. 54:5-127. · Transfer to county for park purposes of lands acquired at…
  11. 54:5-128. · Redemption after transfer of lands to county for park…
  12. 54:5-129. · Foreclosure by county of right to redeem
  13. 54:5-130 · Creation of joint municipal lien pool permitted
  14. 54:5-131 · Powers of joint municipal lien pool
  15. 54:5-132 · Municipal liens defined; exceptions
  16. 54:5-133 · Laws applicable to operation of pool
  17. 54:5-134 · Transfer of municipal lien
  18. 54:5-135 · Execution of lien certificates
  19. 54:5-136 · Operating plan filed by joint municipal lien pool
  20. 54:5-137 · Rules, regulations, orders
  21. 54A:5-1.1 · Certain IRA roll over amounts protected for 4 years
  22. 54A:5-1.2 · Determination of category of income net of expenses or…
  23. 54A:5-1.2a · Taxpayer, depreciation, eligible property expenditures,…
  24. 54A:5-2. · Losses
  25. 54A:5-3. · Taxability of estates, trusts and their beneficiaries
  26. 54A:5-4. · Taxability of partners
  27. 54A:5-6. · Husband and wife
  28. 54A:5-7. · Allocations of income of nonresidents
  29. 54A:5-8 · Income from sources within State for nonresident
  30. 54A:5-9 · S corporation tax exemption
  31. 54A:5-10. · Definitions
  32. 54A:5-11. · Initial basis of shareholder of S corporation stock
  33. 54A:5-12. · Limits on shareholder's losses
  34. 54A:5-13. · Shareholder's share of S corporation income prorated for…
  35. 54A:5-14. · Distributions made by S corporation, treatment
  36. 54A:5-15 · Determination of amount of category of income, certain…
  37. 54A:5-16 · Definitions
  38. 54A:5-17 · Cannabis licensees, gross income
  39. 54A:5-18 · Regulations
  40. 54A:5-19 · Income sourced, Corporation Business Tax Act, New Jersey…
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