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I lost thousands of dollars to a scam this year. I heard that I could claim it, but the money was given to me. So, I'm not sure where to start. How do i proceed?

 
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I lost thousands of dollars to a scam this year. I heard that I could claim it, but the money was given to me. So, I'm not sure where to start. How do i proceed?

Sorry---theft losses are not deductible on your tax return.   Only losses as the result of a Ponzi scheme can be entered.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I lost thousands of dollars to a scam this year. I heard that I could claim it, but the money was given to me. So, I'm not sure where to start. How do i proceed?

If you lost a gift, your net loss is zero, so there is nothing to deduct even if you could deduct a loss.

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