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1 reply

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xmasbaby0
Employee
August 24, 2024

Unless the money was lost to a Ponzi scheme--no.   Sorry--- casualty and theft losses are not deductible on a federal tax return.   Theft losses were eliminated as a deduction when the tax laws changed for 2018 and beyond.   You may want to seek legal help to recover the money lost in a scam.

**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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