What is the name of your state? Iowa
When my former employer went bankrupt it left me with $21,000 worth of unpaid wages, benefits and retirement. Does anyone know the tax law in regards to worthless or uncollectable debt. A right to claim was filed with bankruptcy court and no results will be awarded. I am looking specifically at line 27 on 1040 itemized deductions. Any help would be most appreciated.
When my former employer went bankrupt it left me with $21,000 worth of unpaid wages, benefits and retirement. Does anyone know the tax law in regards to worthless or uncollectable debt. A right to claim was filed with bankruptcy court and no results will be awarded. I am looking specifically at line 27 on 1040 itemized deductions. Any help would be most appreciated.