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Sorry but the Tax Cuts and Jobs Act eliminated that type of deduction for 2018-2015.
The Scam or Theft was for $50k plus. It was reported to the FBI, who sent us to IC3 Crime Complaint Center.
No action taken. I have the copy of the complaint, and all necessary backup. Does this change your answer, or change the tax deduction? Thank you fro your reply.
Still a no ... https://www.hrblock.com/tax-center/irs/forms/form-4684/
See IRS Pub 547, pagr]e 5
https://www.irs.gov/pub/irs-pdf/p529.pdf
Theft loss deduction limited. For tax years
2018 through 2025, if you are an individual,
casualty and theft losses of personal-use property
are deductible only if the losses are attribut-
able to a federally declared disaster (federal
casualty loss).
However, if this is a loss from Ponzi type investment schemes then it might be deductible, again refer to page 5.
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