Explore the 1,000’s of tax questions answered by professionals.

Back to

QUESTION DETAIL

Related User

Votes

We were the victims of a scam and lost about $2,000 during the 2011 tax year. Will we be able to deduct that amount from our income?


ANSWER


The BIDaWIZ Team's Answer:

We're sorry to hear that you were a victim of a fraud. Was this an investment related scheme? Either way, you can likely claim the loss on Form 4684 as stated in the IRS instructions which flows to your form 1040.

The BIDaWIZ Team

 

 

  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.

COMPANY INFORMATION




We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions