My wife is being taxed hugely for a IRA distrubution which was taken out due to coersion by a con-artist for false reasons. A SCAM. Is there no allowance for this?

jhknight56072 · ‎February 14, 2023

xmasbaby0 · ‎February 14, 2023

There is no deduction for a theft loss on your federal tax return unless the theft was the result of a Ponzi scheme.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Expert does your taxes

Do it yourself

Resources

Support

My wife is being taxed hugely for a IRA distrubution which was taken out due to coersion by a con-artist for false reasons. A SCAM. Is there no allowance for this?

My wife is being taxed hugely for a IRA distrubution which was taken out due to coersion by a con-artist for false reasons. A SCAM. Is there no allowance for this?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

My wife is being taxed hugely for a IRA distrubution which was taken out due to coersion by a con-artist for false reasons. A SCAM. Is there no allowance for this?

Do you have an Intuit account?

My wife is being taxed hugely for a IRA distrubution which was taken out due to coersion by a con-artist for false reasons. A SCAM. Is there no allowance for this?

Unlock tailored help options in your account.

Get more help

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert