Your approach seems very reasonable to me based on reading thru IRS guidance.... (I am not a CPA)
I have taken similar approach:
I filed my 2022 return with form 4684 SectionC "Theft Loss Deduction for Ponzi-Type Investment Scheme Using the Procedures in Revenue Proceedure 2009-20"and taking the Safe Harbor....
The Theft loss was not all consumed and there is a carry forward.
How do I compute the carry forward and how do I insert the carry forward into the 2023 return using turbotax??
