26 U.S.C. § 2054
Losses
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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Cited by 9
- 26 CFR § 1.165-7 — Casualty losses.
- 26 CFR § 1.165-8 — Theft losses.
- 26 CFR § 1.642(g)-1 — Disallowance of double deductions; in general.
- 26 CFR § 20.2032-1 — Alternate valuation.
- 26 CFR § 20.2051-1 — Definition of taxable estate.
- 26 CFR § 20.2053-1 — Deductions for expenses, indebtedness, and taxes; in general.
- 26 CFR § 20.2056(a)-2 — Marital deduction; “deductible interests” and “nondeductible interests”.
- 26 CFR § 20.6163-1 — Extension of time for payment of estate tax on value of reversionary or remainder interest in property.
- 26 U.S.C. § 2053 — Expenses, indebtedness, and taxes
Nearby sections (25 sections)
- 2038 · Revocable transfers
- 2039 · Annuities
- 2040 · Joint interests
- 2041 · Powers of appointment
- 2042 · Proceeds of life insurance
- 2043 · Transfers for insufficient consideration
- 2044 · Certain property for which marital deduction was previously…
- 2045 · Prior interests
- 2046 · Disclaimers
- 2051 · Definition of taxable estate
- 2052 · Repealed. Pub. L. 94–455, title XX, § 2001(a)(4), Oct. 4, 1976,…
- 2053 · Expenses, indebtedness, and taxes
- 2054 · Losses
- 2055 · Transfers for public, charitable, and religious uses
- 2056 · Bequests, etc., to surviving spouse
- 2056A · Qualified domestic trust
- 2057 · Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(97)(A),…
- 2058 · State death taxes
- 2101 · Tax imposed
- 2102 · Credits against tax
- 2103 · Definition of gross estate
- 2104 · Property within the United States
- 2105 · Property without the United States
- 2106 · Taxable estate
- 2107 · Expatriation to avoid tax