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Anyone out there a CPA


Lavinmh

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In January of 2016 we were in an accident that totaled our motorhome. We were not injured. The insurance company paid off around $40,000 and that still left $38,000 on the loan. It was only in Ed's name so he filed bankruptcy since they would not work with us to repay it.

 

Question.....since this was our only residence are there any deductions we can take on our income tax?

Not sure....but thought I would throw this out there.

 

Thanks

 

Linda and Ed Lavin

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