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Is Being Scammed Tax Deductible?
January 30, 2023
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03:07
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E672
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If you’re the victim of an online fraud or Ponzi scheme, in addition to recovering funds, one of the most common questions has to do with taxes. Can you deduct losses from an online scam from your taxes?
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Transcript
Is Being Scammed Tax Deductible?
Code of Federal Regulations § 1.165-8 Theft losses.
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