No. Not unless the co-borrower paid the vehicle off and does not have possession of the vehicle. If the vehicle was repossessed both parties are responsible for any outstanding debt.
You need to match long term and short term, and then there are some crossovers allowed...but within that framework, losses are available against gains. Then if you still have losses left, 3K a year against ordinary income. And the balance is carried forward, usable as above (carried losses will offsett future gains), incl the 3K a year against ordinary each year, for 20 years.
Yankees losing streakIn 1913, the Yankees had a streak of thirteen losses and one tie. > two losses to the Browns > a tie and a loss against the Red Sox > four losses to the Athletics > two losses to the Red Sox > four losses to the Indians. The Yankees snapped their skid with a win over the White Sox.
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