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March 7, 2025
Question

I have a ten thousand dollar loss from a scam. Can I write this off on my federal or nm state return?

  • March 7, 2025
  • 1 reply
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    1 reply

    March 7, 2025

    The only kind of theft losses that you can enter on a federal tax return are losses as a result of a Ponzi scheme.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**