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March 5, 2020

Is there anyway to deduct a loss from a scam if not in a disaster zone

  • March 5, 2020
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    Intuit Community Champion
    March 5, 2020

    From instructions for 4684, Losses You Can Deduct
    For tax years 2018 through 2025, if you are an
    individual, losses of personal-use property from
    fire, storm, shipwreck, or other casualty, or theft
    are deductible only if the loss is attributable to a
    federally declared disaster (federal casualty
    loss). See Pub. 547 for more information.

    for investment loss see the complete instructions

    https://www.irs.gov/pub/irs-pdf/i4684.pdf