http://yedda.com/questions/Tax_deductions_loss_fdic_uninsured_6270616261708/?src=rss:qb:qbsTax deductions loss on fdic uninsured moneyen-ushttp://static1.yeddacdn.com/images/Logo132X46_rmt9c1d22d.jpghttp://yedda.com/questions/Tax_deductions_loss_fdic_uninsured_6270616261708/?src=rss:qb:qbsTax deductions loss on fdic uninsured moneyhttp://yedda.com/questions/Tax_deductions_loss_fdic_uninsured_6270616261708/?src=rss:qb:qbi<p>I lost money when Indymac Bank went to the FDIC. The money l lost was in cds over the FDIC Insurance limit. Can I deduct this money on my taxes?</p>KeithKeith65questionSun, 05 Apr 2009 18:25:15 GMThttp://yedda.com/questions/Tax_deductions_loss_fdic_uninsured_6270616261708/?src=rss:qb:qbihttp://yedda.com/questions/Tax_deductions_loss_fdic_uninsured_6270616261708/Yes_possible_deduct_loss_One_person_350661321833483?src=rss:qb:qbi<p>Yes, it is possible to deduct this loss. One person answered this question on <a href="http://www.justanswer.com/questions/1bamj-fdic-uninsured-losses-tax">http://www.justanswer.com/questions/1bamj-fdic-uninsured-losses-tax</a>.  You can deduct it as ordinary loss, casualty loss, or nonbusiness bad debt.  It looks like the amount of deduction is subject to some caps/limits. You may want to obtain IRS Pub 547.</p>israelcisraelc43answer3.0Tue, 07 Apr 2009 18:30:30 GMThttp://yedda.com/questions/Tax_deductions_loss_fdic_uninsured_6270616261708/Yes_possible_deduct_loss_One_person_350661321833483?src=rss:qb:qbi