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Reload this Page I lost my car to a payday loan. Can I deduct that on my taxes?

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Old 10-17-2008, 10:23 AM
ReggieBHillJr
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Default I lost my car to a payday loan. Can I deduct that on my taxes?
I live in Mississippi.
I couldn't repay my payday loan so the company took my car instead.
Can I deduct this loss on my income taxes?
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