huiniex
New Member

How to report capital loss from trading scam?

I was scammed and lost $220K in Nov & Dec of 2020, a combination of bank wire transfers and BTC bitcoin transfers to a scammer who lured me to invest in MetaTrader4 forex trading.  After transferring my $220K over a period of 2 months to what I thought was into my own trading account, but came time when I requested to withdraw from my trading account, I was denied withdrawal with ridiculous excuses.  It was then that I realized I was scammed all my money!  Now I am at a lost as to how I should be filing my taxes so that I won't have to pay for "capital gains" because I technically gained nothing, but instead lost everything!  Please help!