cpahdr
Level 3

Client lost over 500k in an investment scam to an entity in England. Obviously a ponzi shceme, howerve because entity is in England and the FBI was notified they could do nothing because the entity was in England. Thus no criminal investigation or  conviction. Can I rely on rev proc 2009-20 under these circumstances and if not how do I report the theft loss on  form 4684?

0 Cheers
sjrcpa
Level 15

See if CCA  202511015 is helpful.

 


The more I know the more I don’t know.