View Full Version : I lost my motorbike to a payday loan. Can I deduct that on my taxes?


ReggieRHillJr
I live in Nevada. I couldn't repay my payday loan so the company took my motorbike instead. Can I deduct this loss on my income taxes?

BlankenshipFP
So let me get this straight - you live in Massachusetts, New Jersey, and Nevada, and you've (so far) lost a car, an auto, and now a motorbike to payday loans.

Seems like, with that many residences and that many payday loans, you need to review your financial life and make some tough decisions...