I was involved ina Ponzi Scheme. He went to trial in 2023 and is in prison. We will be getting a part of our initial investment back once everything is sold and maybe more if he makes money when out of prison. I'm not worried about that part as much as all of the 1099's that I claimed from 2009 through 2020.
Can I add up the fake 1099 income and put it on my 2023 tax form as theft?
I have read so much about ponzi schemes and how to get your investment back but nothing on how I can get a return on all the income that I claimed that I never actually had in the long run.
Does anyone have a simple answer for me on what to do with these fake 1099's? Thanks
