TaxMamas TaxQuips: Tax Quips
Loss Due to Bank Failure
March 14, 2011
Today TaxMama hears from Elizabeth in the TaxQuips Forum, with a sad problem. “Can a loss on deposits be deducted on Schedule A or form 4684? I researched the IRS website and it is allowable. But what if the amount is more than $20,000 for the entire l
Los Angeles, CA
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