New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 26 - TRANSFER INHERITANCE AND ESTATE TAX
Subchapter 7 - DEDUCTION
Section 18:26-7.13 - Storage expense
Universal Citation: NJ Admin Code 18:26-7.13
Current through Register Vol. 56, No. 6, March 18, 2024
(a) No deduction is allowed for expenses incurred by an executor or administrator for the storage or preservation of tangible personal property, except where the nature of the property or the value thereof is such that delivery to the legatee thereof is not possible within a reasonable time subsequent to a decedent's death.
(b) No deduction is allowed for expenses incurred for the preservation, maintenance, or upkeep of real property of which a decedent dies seized, either individually, jointly, or as a tenant in common.
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