TITLE 26. INTERNAL REVENUE CODE § 2053. Expenses, indebtedness, and taxes., 26 USCS § 2053

Summary

(a) General rule. For purposes of the tax imposed by section 2001 [26 USCS § 2001], the value of the taxable estate shall be determined by deducting from the value of the gross estate such amounts—

(1) for funeral expenses,

(2) for administration expenses,

(3) for claims against the estate, and

(4) for unpaid mortgages on, or any indebtedness in respect of, property where the value of the decedent’s interest therein, undiminished by such mortgage or indebtedness, is included in the value of the gross estate,

as are allowable by the laws of the jurisdiction, whether within or without the United States under which the estate is being administered.

(b) Other administration expenses. Subject to the limitations in paragraph (1) of subsection (c), there shall be deducted in determining the taxable estate amounts representing expenses incurred in administering property not subject to claims which is included in the gross estate to the same extent such amounts would be allowable as a deduction under ...