FEDERAL · 26 U.S.C. · Chapter Subchapter A—Estates of Citizens or Residents
Losses
26 U.S.C. § 2054
This text of 26 U.S.C. § 2054 (Losses) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 2054.
Text
For purposes of the tax imposed by section 2001, the value of the taxable estate shall be determined by deducting from the value of the gross estate losses incurred during the settlement of estates arising from fires, storms, shipwrecks, or other casualties, or from theft, when such losses are not compensated for by insurance or otherwise.
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Related
Estate of Philip Meriano, Deceased, Anita Panepinto, Administratrix v. Commissioner of Internal Revenue Service
142 F.3d 651 (Third Circuit, 1998)
In Re Estate of Bernstein
17 A.3d 1172 (Court of Chancery of Delaware, 2011)
CEM Securities Corp. v. Commissioner of Internal Revenue
72 F.2d 295 (Fourth Circuit, 1934)
Robert W. Mills v. Nita D. Mills
(Court of Appeals of Tennessee, 2015)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 390.)
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Bluebook (online)
26 U.S.C. § 2054, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/2054.