@janelurie1-mac-c
I have the same question. I've done it in Section C last year. The IRS rule isn't clear that if tax payer invested as an INDIVIDUAL investor ( not on behalf or from a business ) into a scam company, and lost all the money. By the Ponzi Scheme Loss, the first year when the loss discovered, 95% total investment loss can be claimed vs victim's income tax. But not sure for the next years, can the CARRYOVER loss can be continue deducting 95% against the tax income in Net Operating Loss (NOL) or it must go back to Individual allow to deduct only $3000 per year as Capital Loss in Schedule D? If you've found out the answer, please share it. Thank you!
