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ironman
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I was the victim of fraudulent activity in 2022. How do I show my loss?

This was a large loss.
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1 Reply

I was the victim of fraudulent activity in 2022. How do I show my loss?

Unless the loss was from a Ponzi type scheme, sorry, but theft and casualty losses are not deductible on your federal return.  The tax laws changed for 2018 and beyond eliminated theft losses as a federal deduction.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**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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