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December 16, 2024
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I was scammed out of cash in 2024. How to I report that as a loss on my tax return?

  • December 16, 2024
  • 1 reply
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    Best answer by xmasbaby0

    Sorry, theft losses or scams are not deductible on a federal tax return.  Only a loss resulting from a Ponzi scheme can be entered.

    1 reply

    xmasbaby0Answer
    Employee
    December 16, 2024

    Sorry, theft losses or scams are not deductible on a federal tax return.  Only a loss resulting from 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.**