§11044
2 cases·2 cited
Statute Text — 26 U.S.C. §11044
Statute text not available for this section.
2 Citing Cases
11044, 131 Stat. at 2087-2089, added sec. 165(h)(5) to limit individual casualty loss deductions to the extent attributable to a federally declared disaster. ¹°As part ofthe Tax Extenders and Alternative Minimum Tax ReliefAct of 2008, Pub. L. No. 110-343, sec. 706(c) and (d), 122 Stat. at 3923, Congress changed the $100 limitation per casualty
11044, 131 Stat. at 2087-2089, amended sec. 165(h)(5) to limit an individual casualty loss deduction to those attributable to a federally declared disaster. - 25 - [*25] appraisal." Sec. 1.165-7(a)(2)(i), Income Tax Regs. As an alternative, the regulations provide that ifthe taxpayerhas repaired the property damage resulting from the casualty