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April 21, 2021
Question

Losses from Cancelled Trip

  • April 21, 2021
  • 1 reply
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We had a very large trip booked and paid for.  Due to COVID, trip was cancelled and we lost a lot of money because many items previously paid, would not issue a refund and kept the monies paid as a cancelation fees.  Are these losses (over $12K) deductible on the tax forms?  Is so, what forms would used to enter the information?Thanks.

1 reply

Employee
April 21, 2021

Sorry but there are no deductions on your tax return for your cancelled vacation.  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
April 23, 2021

Thanks for the info.  I was hoping it was deductible.  Just a big loss.