N.J. SUPREME COURTNew Jersey Law Journal
Waksal v. Director, Division of Taxation
A worthless nonbusiness debt is not a disposition of property under N.J.S.A. 54:5-1c and that section does not incorporate into New Jersey law 26 U.S.C.A. § 166(d)(1)(B)'s approach to worthless nonbusiness debt losses.
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