The theft of property included in the gross estate is only deductible in calculating the taxable estate if the loss exceeds 10 percent of the decedent's adjusted gross estate.

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Theft losses of property included in the gross estate are deductible without regard to the 10 percent limitation. This rule applies specifically to theft losses and does not impose the 10 percent threshold that applies to some other types of deductions.

The Theft of Property Included in the Gross Estate Is