are overdrafts tax deductable in illinois?

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2007-01-24 11:45:45 · 2 answers · asked by bill 1 in Business & Finance ➔ Taxes ➔ United States

I looked it up in several places and was advised no when I just called a bank.

2007-01-24 11:56:11 · answer #1 · answered by thenorthensouthernbell 2 · 0⤊ 0⤋

No, there're not deductible anywhere. Actually, if you don't cover them, they may be considered as INCOME.

2007-01-24 19:50:49 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋