turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

beaufrere
New Member

How do I claim losses do to fraud that occured prior to 2018?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

7 Replies
TomD8
Level 15

How do I claim losses do to fraud that occured prior to 2018?

The new tax law eliminated the deduction for personal theft losses (which includes fraud) for 2018.  You'd have to do an amended return for the year in which the loss occurred.  You can't use an online version of TurboTax to do a previous year's return.  If you wanted to use TurboTax you'd have to purchase the previous year's CD/Download version.

https://turbotax.intuit.com/personal-taxes/past-years-products/

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
milt0ne
Returning Member

How do I claim losses do to fraud that occured prior to 2018?

I have the previous years turbotax loaded on my computer. I need to file my 2018 return by Oct 15, should I file the 2018 return or go back and amend previous returns before I file the 2018 return?

TomD8
Level 15

How do I claim losses do to fraud that occured prior to 2018?

The deadline for filing an amended return to claim a refund is 3 years from the date the original return was filed, or 2 years from the date the tax was paid, whichever is later.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
milt0ne
Returning Member

How do I claim losses do to fraud that occured prior to 2018?

I used the 2016 Turbo Tax to file an amended return for that year for 550,000.00 theft loss and I will be getting about a 32,000.00 refund. Can I report a loss on an amended return for 2017 for part of that same loss?

TomD8
Level 15

How do I claim losses do to fraud that occured prior to 2018?

See "When to Report Gains and Losses" on pages 15-16 of IRS Publication 547:  https://www.irs.gov/pub/irs-pdf/p547.pdf

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
milt0ne
Returning Member

How do I claim losses do to fraud that occured prior to 2018?

That pub is for 2018. I am asking about how do I determine a carryover theft loss from the 2016 amended return to an amended return for 2017.

How do I claim losses do to fraud that occured prior to 2018?

IRS Publication 547 for tax year 2016 - https://www.irs.gov/pub/irs-prior/p547--2016.pdf

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies