topic I purchased a hot tub from a company that went out of business without returning my money. Can I take that amount off my taxes. in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-purchased-a-hot-tub-from-a-company-that-went-out-of-business-without-returning-my-money-can-i-take/01/208393#M85380 Sat, 01 Jun 2019 18:03:20 GMT mawmawingle 2019-06-01T18:03:20Z I purchased a hot tub from a company that went out of business without returning my money. Can I take that amount off my taxes. https://ttlc.intuit.com/community/taxes/discussion/i-purchased-a-hot-tub-from-a-company-that-went-out-of-business-without-returning-my-money-can-i-take/01/208393#M85380 Sat, 01 Jun 2019 18:03:20 GMT https://ttlc.intuit.com/community/taxes/discussion/i-purchased-a-hot-tub-from-a-company-that-went-out-of-business-without-returning-my-money-can-i-take/01/208393#M85380 mawmawingle 2019-06-01T18:03:20Z Unfortunately these types of losses are no longer deducti... https://ttlc.intuit.com/community/taxes/discussion/unfortunately-these-types-of-losses-are-no-longer-deducti/01/208399#M85385 <P>Unfortunately these types of losses are no longer deductible on your tax return with the new 2018 tax law. Even with the prior tax law, you could only have deducted an amount of your loss in excess of 10% of you AGI and then only if you itemized deductions.&nbsp;</P> Sat, 01 Jun 2019 18:03:22 GMT https://ttlc.intuit.com/community/taxes/discussion/unfortunately-these-types-of-losses-are-no-longer-deducti/01/208399#M85385 Texas Roger 2019-06-01T18:03:22Z