FEDERAL · 26 U.S.C. · Chapter 11
Losses
Current through Pub. L. 119-102
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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26 U.S.C. § 2054 (Losses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.)