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2 replies

Level 15
January 5, 2023
Mike9241
Level 15
Level 15
January 5, 2023

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

Mike9241