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Taxes and what one gets to claim in a open Ch. 7?

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    Taxes and what one gets to claim in a open Ch. 7?

    Hello--just wondering if anyone knows the answer to this....

    We are in the middle of a chapter 7....March 10th is the last day to object. Since we paid mortgage interest and student loan interest last year....and we are letting the house go....do we still get to claim this on taxes? I am assuming..yes..since we paid for it then? We have not received any of the information yet...even though I know that the last day is Jan. 31st for them to send things out. Usually, things are already to our house by now?

    Any advice would be soooo helpful! Thank you.

    #2
    Inseriousdebt, whatever interest you actually paid, you get to claim as such on your taxes just as you always have. Bk doesn't change what you already paid. You might want to give the bank a call and see when they are sending out tax forms... some don't even consider them late until the middle to end of February, even though technically they're supposed to be in the mail by Jan 31. Good luck!!!
    Nolo Press book on filing Chapter 7, there are others too. (I have no affiliation with Nolo Press; just a happy customer.) Best wishes to you!

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