Can you claim loss from fraud that was reported to the police

peikert — Mon, 02 Feb 2026 12:13:53 GMT

Re: Can you claim loss from fraud that was reported to the police

CatinaT1 — Mon, 02 Feb 2026 13:45:54 GMT

I'm assuming you are referring to a personal fraud. In this case no, you generally cannot deduct a loss from personal fraud (such as a phone scam, romance scam, or personal identity theft) on your 2025 federal tax return, even if you reported it to the police.

For the 2025 tax year, personal casualty and theft losses are only deductible if they are attributable to a federally declared disaster.

There is an exception if your losses were from scams like Ponzi schemes or phishing that targets your investment/retirement accounts. In these cases a loss may be deductible because the original intent of the funds was to earn a profit.

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Can you claim loss from fraud that was reported to the police

Re: Can you claim loss from fraud that was reported to the police