35 Miss. Code. R. 3-06-02-103

Current through December 10, 2024

Section 35-3-06-02-103

The amount of loss to be taken into account for purposes of this regulation shall be the lesser of either:

1. The amount which is equal to the fair market value of the property immediately before the casualty reduced by the fair market value of the property immediately after the casualty; or

2. The amount of the adjusted basis for determining the loss from the sale or other disposition of the property involved.

35 Miss. Code. R. 3-06-02-103