You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
AdamBATL
New Member
ead307d72a5f
New Member
ghhou1
New Member
ja19584
New Member
ArielA77
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.