taxprep5268
Level 2

My client was instructed by her employer to wire fund to a brokerage firm to purchase company stock, but a scammer got into the employer computer, changed routing instructions, and the client lost her money in a wire fraud scheme. Bank, employer, and FBI did not think this would be recovered.  Would a wire scam fraud like this be a casualty loss in 2022, or are these scams no longer deductible?

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