3664866
You'll need to sign in or create an account to connect with an expert.
Sorry---theft losses are not deductible on your tax return. Only losses as the result of a Ponzi scheme can be entered.
If you lost a gift, your net loss is zero, so there is nothing to deduct even if you could deduct a loss.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17558730698
New Member
Omar80
Level 3
larrynator
New Member
user17557017943
New Member
peanutbuttertaxes
Returning Member