I was a victim of cryptocurrency scam. Can I deduct the loss for my 2023 return ?

davyceci · ‎October 29, 2023

Mike9241 · ‎October 29, 2023

if the loss is due to a PONZI scheme it's deductible using form 4864. if it is not a PONZI scheme the loss is not deductible.

if it is a PONZI scheme, then you probably should read the instructions starting on page 7 to see if this is something you want to tackle yourself.

Mike9241 · ‎October 29, 2023

if the loss is due to a PONZI scheme it's deductible using form 4864. if it is not a PONZI scheme the loss is not deductible.

if it is a PONZI scheme, then you probably should read the instructions starting on page 7 to see if this is something you want to tackle yourself.

Unlock tailored help options in your account.