loss
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 288 U.S. 156 - Burnet v. Huff · 1933Most cited · 148 citing opinions
deductible
The requirement that losses be deducted in the year in which they are sustained calls for a practical test. The loss 'must be actual and present.
How often courts cite the case defining “loss”
Court decisions citing the opinion that defined “loss” — 148 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.