Hello everyone - had a portion of my wages deferred via a non-qualified plan for some years and am now facing the likelihood of not receiving a penny of these wages due to my company filing for bankruptcy. Question for the group is whether I can claim the amount that will now never come back to me on my Federal income taxes next year?
If so, where / how does it get entered and am I limited to claiming a certain amount per year (i.e. $3K for capital gains losses)?
If not, why as these are wages that I was paid for services rendered but I never realized the benefit of?
Thanks in advance for everyone's help.