Can I deduct Losses from Internet Scam of Fraudulent Financial Scam ?

DR-P-K-PODDAR · ‎December 14, 2024

I will have to pay Taxes on my Rollover IRA Sale, that I would have otherwise not done

xmasbaby0

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.**

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xmasbaby0

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.**

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Can I deduct Losses from Internet Scam of Fraudulent Financial Scam ?