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March 31, 2023
Question

In Feb 2022 I paid a company for a future trip.The company closed in Oct ‘22 prior to trip and then filed for liquidation in Dec ‘22. I am unsec. cred. Can I claim loss?

  • March 31, 2023
  • 1 reply
  • 0 views
The Co. is in New Zeal. It has $2,000,000 debt and 116,000 assets.

1 reply

JosephS1
March 31, 2023

No, unfortunately.  Casualty and theft losses are no longer deductible unless your loss is caused by a federally declared disaster.   There are exceptions for Ponzi-type scenes.

 

Casualty and theft losses per IRS

 

@emmrut 

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