I lost my car to a payday loan. Can I deduct that on my taxes?

Started by ReggieRHillJr, October 21, 2008, 07:59:05 AM

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ReggieRHillJr

October 21, 2008, 07:59:05 AM
I live in Iowa. I couldn't repay my payday loan so the company took my car instead. Can I deduct this loss on my income taxes?
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