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
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar