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Old 10-17-2008, 06:43 AM   #1
ReggieRHillJr
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Join Date: Oct 2008
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I lost my motorbike to a payday loan. Can I deduct that on my taxes?

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?
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Old 10-17-2008, 09:38 AM   #2
BlankenshipFP
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Location: New Berlin, Illinois
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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...
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