I get a number of bankruptcy-related questions submitted via ask the taxgirl. That’s why I was intrigued when I was asked to write a piece on Wallet Pop about how Chapter 13 payments affect your taxes. You can check out what I had to say here: Wage earner’s bankruptcy doesn’t kill all tax deductions.
If you have additional bankruptcy-related tax questions, you can ask the taxgirl.
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I had to include a rental home in my chapter 13 bankruptcy and because the home was not making a profit was unable to keep it. There was approx. $30,000 equity in the home. Is there any tax deduction i can claim? I also had a timeshare that I had to let go and only had a balance of about $1,000 and a value of $9,000.
Thanks
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