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Level 1
posted Dec 16, 2024 12:41:25 PM

I was scammed out of cash in 2024. How to I report that as a loss on my tax return?

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1 Best answer
Level 15
Dec 16, 2024 12:43:37 PM

Sorry, theft losses or scams are not deductible on a federal tax return.  Only a loss resulting from a Ponzi scheme can be entered.

1 Replies
Level 15
Dec 16, 2024 12:43:37 PM

Sorry, theft losses or scams are not deductible on a federal tax return.  Only a loss resulting from a Ponzi scheme can be entered.