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April 8, 2023
Question

I lost nearly 100K in a crypto trading scam. Can I report that as crypto losses?

  • April 8, 2023
  • 1 reply
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1 reply

April 9, 2023

no.  losses due to scams are casualty losses. only Ponzi type casualty losses are deductible on schedule A and Turbotax does not handle this situation.