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New Member
posted Apr 20, 2021 10:43:17 PM

Losses from Cancelled Trip

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.

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2 Replies
Level 15
Apr 21, 2021 6:11:32 AM

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

New Member
Apr 23, 2021 2:48:49 AM

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