Iowa | Tax Law
1/30/12, 8:28 am
Legal Question
Line 20, IRS schedule A
I owned some Lehman Brothers bonds. In Feb. of 2011, I sold those bonds for about 24 cents on the dollar. As you know, Lehman Brothers filed for bankruptcy in 2008. Line 20, schedule A allows for money lost at a financial institution but lost, due to bankruptcy. Does my loss qualify for a deduction on line 20?
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Read More Answered By: Robert Luedeman |
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