BAD NEWS: Put 4684 in the "Find Box" and go right to form 4684. One of the questions is "Did you have losses from fraudulent investment arrangements?" Answer yes and guess what? TurboTax cannot handle this. You get a message: "TurboTax does not currently support losses from fraudulent investment arrangements. We recommend you consult a tax professional. We apologize for any inconvenience." Basically, you can deduct the loss, but NOT using TurboTax
