I have a NOL in 2022 as a result of Theft Loss Deduction taken using rev-proc2009-20 (theft loss from Ponzi Scheme) with Safe harbor option.I am working on comp...
Your approach seems very reasonable to me based on reading thru IRS guidance.... (I am not a CPA)I have taken similar approach:I filed my 2022 return with form ...
I filed my 2022 return with form 4684 SectionC "Theft Loss Deduction for Ponzi-Type Investment Scheme Using the Procedures in Revenue Proceedure 2009-20" The Th...
In my case there were no gains so Line 33 is not applicable.However, Instructions for lines 29 and 34 read as follows:"On lines 29 and 34, use a separate line t...
Thanks for the feedback.Appendix A in Rev Proc 2009-20 is replaced by From 4684 Section C Part IIThis is completed as part of the process recommended by GeorgeM...
