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Get your taxes done using TurboTax
Prior to 2018 TurboTax advised me to report the Ponzi scheme as a theft and loss but do not check the box for Ponzi scheme under forms 4684.... for 2020 they're not advising so I simply just went back into 4684 and reported as a theft and loss of investment in order to carry it forward as they had no provision for that as in past years... I simply deducted the amount I've already written off.... if I get audited my numbers may be in the wrong place but I'm still entitled to them and it should not affect my tax return according to 165
‎April 10, 2020
6:27 PM
3,370 Views