After 10 years and jail for the guilty party I have to report loess on my tax form. What form do I need

teddyski · ‎February 26, 2025

Pyramid scam

JamesG1 · ‎February 26, 2025

@DDollar here explains that a taxpayer may be allowed to claim an itemized deduction for theft loss on Schedule A Itemized Deductions.

Best answer by @GeorgeM777 here explains that TurboTax does not support IRS form 4684 Casualties and Thefts to report such a theft or loss.

IRS website here references revenue rulings that apply to these losses.

We recommend that you visit a tax professional to handle your situation.

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