Skip to main content
April 15, 2025
Question

I lost thousands of dollars to a scam this year. I heard that I could claim it, but the money was given to me. So, I'm not sure where to start. How do i proceed?

  • April 15, 2025
  • 1 reply
  • 0 views
No text available

1 reply

Employee
April 15, 2025

Sorry---theft losses are not deductible on your tax return.   Only losses as the result of 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.**
fanfare
Employee
April 16, 2025

If you lost a gift, your net loss is zero, so there is nothing to deduct even if you could deduct a loss.