{"data":{"id":"us-nj/n.j.-stat.-54a-5-2","jurisdiction":"us-nj","citation":"N.J. Stat. § 54A:5-2","heading":"Losses","body":"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.\nL.1976, c. 47, s. 54A:5-2, eff. July 8, 1976, operative Aug. 30, 1976.","path":["TITLE 54A NEW JERSEY GROSS INCOME TAX ACT"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"6db123ebe0024639e6981a9cd22475c8262bf8dfecd0a72e76769bcbcd572245","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54a-5-1.2a","next":"us-nj/n.j.-stat.-54a-5-3"},"notice":"GroundRules: Original legal text. Not legal advice."}