Section 165 Of The Internal Revenue Code

1954 relating to losses for a loss attributable to a disaster occurring during calendar year 1972 which was determined by the president under section 102 of the disaster relief act of 1970 to warrant disaster assistance by the federal government.

Section 165 of the internal revenue code. 5121 5204c 1988 supp. V 1993 the act the taxpayer may elect to claim a deduction for that loss on the taxpayer s federal income tax return for the taxable year. 1 who was allowed a deduction under section 165 of the internal revenue code of 1986 formerly i r c.

Internal revenue code 26 usca section 165. B amount of deduction. Who was allowed a deduction under section 165 of the internal revenue code of 1986 formerly i r c.

2003 29 under 165 i of the internal revenue code if a taxpayer suffers a loss attributable to a disaster occurring in an area subsequently determined by the president of the united states to warrant assistance by the federal government under the disaster relief and emergency assistance act 42 u s c. 3 qualified disaster related personal casualty losses for purposes of this subsection the term qualified disaster related personal casualty losses means losses described in section 165 c 3 of the internal revenue code of 1986 which arise in a qualified disaster area on or after the first day of the incident period of the qualified disaster to which such area relates and which are attributable to such qualified disaster. Internal revenue code section 165 losses.

For purposes of subsection a the basis for determining the amount of.