Hello,
I lost money in a ponzi scheme in 2015 too!! I rolled some 403B money into a self-directed IRA, and now, since the ponzi scheme has been identified, I am out the money.... and unsure if this is a loss or not. Custodian of the self-directed IRA wants to issue me a 1099-R.... but has not told me in what amount. Is there any advice people can share as to how I might handle this? I don't want to pay taxes on money I've lost, and ideally, feel like i should be able to deduct this loss against any capital gains in my brokerage account. Pls. help! Kind Regards...
