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P3.1. (LOSSES) Various types of losses were incurred by a decedent/estate as follows: Loss due to typhoon, a day before the decedent's death, P1,000,000

 

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P3.1. (LOSSES) Various types of losses were incurred by a decedent/estate as follows: Loss due to typhoon, a day before the decedent's death, P1,000,000 Loss due to shipwreck, two (2) months after the decedent's death. P500,000. . . . . Loss due to robbery, eight (8) months after the decedent's death. P2,000,000. Swindling loss incurred 2 months before death, 800,000 X Gambling losses before death, P2,250,000 y REQUIRED: Question #1: How much is the deductible "losses" from the gross estate of the decedent? 2.5m Question #2: How much is the deductible "losses" from the gross estate of the decedent assuming the robbery loss was incurred 1% years after the decedent's death? 500 k

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