by Noah Green CPA CFE | Jun 20, 2026 | Scam & Theft Loss Deductions
The short version A scam loss is not automatically deductible just because the loss was real, painful, or reported to law enforcement. The most important question is usually whether the loss arose from a transaction entered into for profit, which is the IRC 165(c)(2)...
by Noah Green CPA CFE | Jun 20, 2026 | Scam & Theft Loss Deductions
The short version A scam loss is not deductible just because the loss is real, painful, or reported to law enforcement. For an individual taxpayer, the key question is whether the loss fits one of the categories in IRC §165(c), especially the category for a...
