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June 5, 2019
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Unpaid salary - My employer went bankrupt and did not pay me for the last 2 weeks that I worked and my PTO balance. Can I deduct this loss of $7K?

  • June 5, 2019
  • 1 reply
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Best answer by MichaelL1

Wages and income never received is not reported as income on your return.

Because this was never reported as income it cannot be taken as a loss.  If it was reported as income then it could be taken as a loss. 

1 reply

MichaelL1
MichaelL1Answer
Employee
June 5, 2019

Wages and income never received is not reported as income on your return.

Because this was never reported as income it cannot be taken as a loss.  If it was reported as income then it could be taken as a loss.