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.
Title 26
26
26 U.S.C. § 2054.Chapter 11
§ 2054
Losses
Title 26
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Subchapter: Estates of Citizens or Residents
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