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

法律翻译Roger，在一家顶尖欧洲律师事务所的北京办公室担任全职法律翻译，专注翻译各类与北欧业务有关的法律文件。