Statutes, codes, and regulations
Mississippi Administrative Code
Title 35 - Department of RevenuePart 3 - Income and FranchiseSubpart 06 - Losses
Chapter 02 - Casualty Losses Incurred in a Trade or Business
Section 35-3-06-02-100

35 Miss. Code. R. 3-06-02-100

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Current through December 10, 2024
Section 35-3-06-02-100

Except as otherwise provided, any loss arising from fire, storm, shipwreck or other casualty is allowable as a deduction for the taxable year in which the loss is sustained.

35 Miss. Code. R. 3-06-02-100