personal casualty gain
Defined in 1 place of the United States Code.
The term “personal casualty gain” means the recognized gain from any involuntary conversion of property which is described in subsection (c)(3) arising from fire, storm, shipwreck, or other casualty, or from theft.
Source
- 1994–present26 U.S.C. § 165Internal Revenue Code · Losses · in this section