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Author: thedofca1 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: bankruptcy pension loss Is it tax deductible? Date: 12/9/2005 12:35 PM
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If this has been discussed elsewhere please let me know.

My company has gone into Chapter 11 and my non-qualified pension has been terminated. The bankruptcy judge has allowed the company to quit paying the non-qualified pension forever. Is the cash value of an annuity to replace this pension income deductible for me on my income tax as a bad debt since I am an unsecured creditor of the company just like the electrician would be?
Diane
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