N.J. Admin. Code § 18:26-7.3
Current through Register Vol. 56, No. 18, September 16, 2024
The debts of a resident decedent owing for or secured by real property outside this State are not allowed as a deduction, unless such debt exceeds the value of the property securing it or for which it was contracted, in which event only that amount by which such debt exceeds the value of the out-of-State realty is permitted as a deduction.
N.J. Admin. Code § 18:26-7.3