As a result of an auto accident which killed him,Mel totaled a Hummer worth $45,000.If the insurance company covers $30,000 of the loss,Mel's estate can claim a deduction of $15,000 in arriving at the taxable estate.

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The casualty loss of $15,000 should be claimed on Mel's final income tax return.The insurance recovery of $30,000 should be included in the gross estate under § 2033.

As a Result of an Auto Accident Which Killed Him,Mel