personal casualty gain

(3) Definitions of personal casualty gain and personal casualty loss For purposes of this subsection— (A) Personal casualty gain The term “personal casualty gain” means the recognized gain from any involuntary conversion of property which is described in subsection (c)(3) arising from fire, storm, shipwreck, or other casualty, or from theft. (B) Personal casualty loss The term “personal casualty loss” means any loss described in subsection (c)(3). For purposes of paragraph (2), the amount of any personal casualty loss shall be determined after the application of paragraph (1).


26 USC § 165(h)(3)

Scoping language

For purposes of this subsection
Is this correct? or