Can a repossession cost be a tax deduction?

Answer Repossessions and foreclosures are handled, for tax purposes, just like any other financial gains or losses from a sale or exchange, according to IRS Publication 544, Sales and Other Dispositions o... Read More »

Top Q&A For: Can a repossession cost be a tax deduction

RV Repossession Laws?

RV owners may face repossession if they default on their loan. Recreational vehicles are usually purchased using a personal property loan, which uses the RV for the collateral for the loan. The mos... Read More »

How to Save My Car From Repossession?

Repossession is the unfortunate consequence of nonpayment. Before your situation gets to this point, there are several avenues to explore. An involuntary repossession occurs when the bank finds you... Read More »

Mortgage Repossession Law?

Mortgage repossession or foreclosure is the process by which a lender recovers the amount owed by the homeowner on loan in which the homeowner defaults. Lenders take possession of the property by r... Read More »

Massachusetts Car Repossession Law?

Massachusetts law outlines two procedures for repossession. Additionally, the law delineates rights and obligations for both the lender seeking repossession as well as for the debtor who faces the ... Read More »