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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!)
February 22, 2023
8:01 AM