Summary
holding that the loss on the sale of a tractor (personal loss) could not be deducted from the gain on the sale of a house (personal gain) for New Jersey gross income tax purposes
Summary of this case from Sidman v. Director, Div. of TaxationOpinion
Argued December 19, 1989 —
Decided January 2, 1990.
Before Judges ANTELL, BILDER and ASHBEY.
On appeal from Final Judgment of the Tax Court of New Jersey.
Julian F. Gorelli, Deputy Attorney General, argued the cause for appellant ( Peter N. Perretti, Jr., Attorney General of New Jersey, attorney; Michael R. Clancy, Assistant Attorney General, of counsel; Julian F. Gorelli, on the brief).
Respondents argued the cause pro se.
The judgment presented for review is affirmed substantially for the reasons stated by Judge Andrew for the Tax Court which is published at 10 N.J. Tax 273 (Tax Ct. 1988).