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Can I deduct Losses from Internet Scam of Fraudulent Financial Scam ?
I will have to pay Taxes on my Rollover IRA Sale, that I would have otherwise not done
posted
3 weeks ago
last updated
December 14, 2024
4:25 PM
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Can I deduct Losses from Internet Scam of Fraudulent Financial Scam ?
No. Losses from theft or fraud are not deductible on your federal tax return unless they were the result of a Ponzi scheme.
**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.**
3 weeks ago
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This answer has been verified for accuracy by an Intuit expert employee
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Can I deduct Losses from Internet Scam of Fraudulent Financial Scam ?
No. Losses from theft or fraud are not deductible on your federal tax return unless they were the result of a Ponzi scheme.
**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.**
3 weeks ago
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