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After you file
it depends. The scheme is defined in the following federal links. It's important to review for your specific situation, the year of the known loss, recovery year or years.
- Help for Victims Of Ponzi Investment Schemes - Click the FAQ links as well.
- The Revenue Procedure 2009-20 is the simplified compliance.
You will use Form 4684, Section C to claim your loss if applicable. Note that recovery in a future year will be income after taking the loss.
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‎February 5, 2024
1:31 PM