847 / What deductions are allowed from the gross estate in arriving at the taxable estate for federal estate tax purposes?

The following deductions are allowed from the gross estate in arriving at the taxable estate (see Q 821):

(1)     (a) funeral expenses, (b) administration expenses, (c) claims against the estate, and (d) unpaid mortgages on or other indebtedness against property included at its full value in the gross estate (see Q 848);

(2)     casualty and theft losses incurred during settlement of the estate and not compensated for by insurance or otherwise (see Q 850);

(3)     the charitable bequests deduction (see Q 851);