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New Member
posted Feb 1, 2020 5:11:01 PM

Can money lost in a scam be claimed?

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1 Replies
Level 15
Feb 1, 2020 5:35:58 PM

No.  Per the Tax Cuts and Jobs Act you cannot deduct theft losses on your federal return.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform