N.J. Admin. Code § 18:26-7.14

Current through Register Vol. 56, No. 21, November 4, 2024

Section 18:26-7.14 - Operating costs of business

No deduction is allowed for the cost of operating a business in which the decedent had an interest at death. These expenses are not deemed an ordinary expense of administration and should be charged as an expense of the business.

N.J. Admin. Code § 18:26-7.14

Adopted by 50 N.J.R. 1624(a), effective 7/16/2018