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February 17, 2022
Question

Interest Income

  • February 17, 2022
  • 1 reply
  • 0 views

I have a savings account in a local credit union.  In the first quarter, I received a dividend, then due to Covid they stopped all dividends.  This means I have a loss of interest income.  Is there any way to take a loss like that on my taxes?

    1 reply

    DoninGA
    Employee
    February 17, 2022

    No.  You cannot get a tax deduction for taxable income never received.