For federal 1040 I can net a carry forward loss against a current gain if smaller. Can this be done for New Jersey also?

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For federal 1040 I can net a carry forward loss against a current gain if smaller. Can this be done for New Jersey also?

No. A net investment loss is not recognized on a New Jersey tax return, and there is no loss carryover.

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For federal 1040 I can net a carry forward loss against a current gain if smaller. Can this be done for New Jersey also?

No. A net investment loss is not recognized on a New Jersey tax return, and there is no loss carryover.

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