Question

Does turbotax 2022 premier support Ponzi schemes? Could not find the entrance.

Forum|Forum|3 years ago
February 20, 2023
1 reply
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Hello,

I am using windows turbotax 2022 premier, seems Ponzi schemes (page 3 in 4684 form) is not supported by turbotax, could you please help to confirm or direct me how to get there? Many thanks!

M

Mike9241

Turbotax doesn't support reporting PONZI losses. so you are on your own for reporting. even after you calculate the loss I could find nowhere to enter the loss so it flows to schedule A line 16 (unless you use a line in MISC Deductions (not subject to 2% limit) and then fix it after you print out the return. also the Turbotax accuracy guarantee may be void.