Don Hughes Posted December 13, 2024 Report Posted December 13, 2024 TP fell in love on-line. The scammer had the TP send money to them under the guise of buying gold bars. The TP withdrew his around $70,000 from his 401(k) and added around $70,000 from his savings account and sent it to the scammers. He invested around $140,000 in this scam. He has all documents as well as a "fake" Certificate of Purchase. The question is, can the TP take the $140,000 as a ST capital loss? The scammers were in Canada. He is also a victim of identity theft, so we are working with the IRS to clear this up. Quote
JimTaxes Posted December 13, 2024 Report Posted December 13, 2024 whole thread just came up on this topic this week.. here is the link: Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.