#canceledhow

Won $10K vacation, paid tax, canceled…how recover taxes?

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Won $10K vacation, paid tax, canceled…how recover taxes? In 2022 my wife and I won a $10K vacation to Israel at a charity dinner. The travel agency that donated the gift sent us a 1099. On our 2022 taxes I declared it as income. Later we booked the trip in November 2023, but a month prior the war broke out. The travel agency canceled the trip, but could not recoup the funds they paid for hotels, airli…

Reddit Personal Finance 1.0k 2025-01-18