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New Member
posted Aug 29, 2020 9:41:00 AM

I was victim of a scam this year is there a way to deduct the amount from my income?

I was contacted via Facebook by scammers posing as a friend they took $2000. before I realized what was happening I made a police and FBI report

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1 Replies
Level 15
Aug 29, 2020 9:47:24 AM

Sorry.   Theft losses are not deductible on your federal return, per the tax laws that went into effect for 2018 and beyond.

 

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