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N.J. Stat. § 54A:5-2

Losses

New Jersey · New Jersey Statutes Title 54A — New Jersey Gross Income Tax Act · Status: effective

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N.J. Stat. § 54A:5-2, Losses, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1484072
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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.