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CHartman1
Returning Member

Interest Income

I have a savings account in a local credit union.  In the first quarter, I received a dividend, then due to Covid they stopped all dividends.  This means I have a loss of interest income.  Is there any way to take a loss like that on my taxes?

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‎February 17, 2022 11:57 AM
last updated ‎February 17, 2022 11:57 AM
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DoninGA
Level 15
Level 15

Interest Income

No.  You cannot get a tax deduction for taxable income never received.

‎February 17, 2022 12:01 PM
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