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Chuckles

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  1. I was the victim of a Ponzi type scheme starting in 2006; discovered in 2009 and claimed as a theft loss on my taxes last year. I would like to use the balance of my losses against my income for 2010. My problem is finding a clear explanation of how to calculate the carry forward amount after the first year. All government publications, that I've found, treat the loss as a business loss when the definition of what happened is considered a theft. As a business loss, the calculations take into account long and short term capital gains and losses which have nothing to do with this loss! And, the calculation done with form 1045 Schedule B deducts my income to calculate the carryforward. Shouldn't the loss be carried forward without these deductions? Help!!
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