The Stratford Estate incurs a $25,000 casualty loss in disposing of the real property of the decedent. The deduction is claimed against the Federal estate tax, unless by election it is claimed on the estate's income tax return.

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A casualty loss incurred by an estate in disposing of a decedent's real property can be claimed as a deduction against the Federal estate tax or on the estate's income tax return if elected.

The Stratford Estate Incurs a $25,000 Casualty Loss in Disposing