I lost $96,000 in a crypto fraud scheme. is this something I can claim on my federal or iowa state taxes

phelpsbills — Mon, 23 Feb 2026 11:13:18 GMT

Re: I lost $96,000 in a crypto fraud scheme. is this something I can claim on my federal or iowa state taxes

Anonymous_ — Thu, 05 Jan 2023 15:14:57 GMT

Re: I lost $96,000 in a crypto fraud scheme. is this something I can claim on my federal or iowa state taxes

Mike9241 — Thu, 05 Jan 2023 17:16:53 GMT

it it was a Ponzi-type scheme then yes you can report the loss on form 4684 section for Ponzi losses. it will be part of your itemized deductions. you have to make certain selections

neither Tutbotax nor myself will be able to determine if it was a Ponzi scheme that qualifies for relief

instructions for Ponzi type losses start on page 7

https://www.irs.gov/pub/irs-pdf/i4684.pdf

you are asking from Turbotax live for which you paid extra

https://ttlc.intuit.com/community/expert-review/help/how-do-i-connect-with-a-tax-expert-in-turbotax-live/01/27282

5 AM to 5 PM, PT, Monday–Friday

if they can't help you, then yo best bet is to use a tax pro

topic I lost $96,000 in a crypto fraud scheme. is this something I can claim on my federal or iowa state taxes in State tax filing

I lost $96,000 in a crypto fraud scheme. is this something I can claim on my federal or iowa state taxes

Re: I lost $96,000 in a crypto fraud scheme. is this something I can claim on my federal or iowa state taxes

Re: I lost $96,000 in a crypto fraud scheme. is this something I can claim on my federal or iowa state taxes