Eric109
New Member

Excess Ponzi-Scheme Deduction Carry Over

I believe I was the victim of a Ponzi-type scheme (“Terraform Labs PTE Ltd” and founder Do Hyeong Kwon) and want to file a loss with IRS Form 4684, Section C.  My losses were more than my 2022 income.  How do I carry over the additional losses and not have them subject to the $3,000 per year limit for my 2023 taxes?  I contacted the IRS and they said it was outside their areas of responsibility (yeah, crazy!)