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

GS48 · ‎December 16, 2024

xmasbaby0

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

**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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xmasbaby0

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

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