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Joyoneill
New Member

Can money lost in a scam be claimed?

 
posted
‎February 1, 2020 5:11 PM
last updated ‎February 01, 2020 5:11 PM
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xmasbaby0
Level 15
Level 15

Can money lost in a scam be claimed?

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-re...

**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.**
‎February 1, 2020 5:35 PM
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