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?
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?
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.**