§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.
(Aug. 16, 1954, ch. 736,
Cross References
Computation of adjusted gross estate, see section 2056 of this title.
Credit for tax on prior transfers, see section 2013 of this title.
Income tax, special rules for credits and deductions, see section 642 of this title.
Taxable estate of nonresidents not citizens, see section 2106 of this title.
Section Referred to in Other Sections
This section is referred to in sections 303, 642, 2013, 2053, 2106, 6166 of this title.