Answered: Are losses from criminally fraudeulent investment arrangements still tax deductible?if yes, where do they go on lacerte input? - Intuit Accountants Community

Welcome back! Ask questions, get answers, and join our large community of tax professionals.

Are losses from criminally fraudeulent investment arrangements still tax deductible?if yes, where do they go on lacerte input?

1 Best Answer

Accepted Solutions

Ponzi Scheme? Schedule D, personal loss subject to $3K per year. https://www.irs.gov/newsroom/help-for-victims-of-ponzi-investment-schemes

Answers are easy. Questions are hard!

View solution in original post

1 Comment 1

Ponzi Scheme? Schedule D, personal loss subject to $3K per year. https://www.irs.gov/newsroom/help-for-victims-of-ponzi-investment-schemes

Answers are easy. Questions are hard!