casualty loss

For tax purposes, the total or partial destruction of an asset resulting from an unexpected or unusual event, such as an automobile accident or a tornado. [Cases: Internal Revenue 3416; Taxation 1039.]

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词条贡献者

资深译员Paloma，毕业于亚洲一流的翻译学院，擅长翻译各类与境外投资相关的法律文件。