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Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 10142
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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The only question I have asked i "I was a victim of a scam

Customer Question

The only question I have asked i "I was a victim of a scam last year, how do I report a loss on TurboTax." and I have already paid your fee!
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: What else would you possibly want to Know?
JA: Is there anything else important you think the Accountant should know?
Customer: I called the Turbo Tax help number and I got you people.... should I be talking to someone else?
Submitted: 2 months ago.
Category: Tax
Expert:  Lane replied 2 months ago.

I've already answered this:

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Let me paste in the answer from the first time you asked ... I went back to see if you hhad responded or neede help and the question was closed.

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This is reported as a casualty/theft loss (the form is used for both) on form 4684 "Casualties and Thefts."

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Here's what the form looks like:

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https://www.irs.gov/pub/irs-pdf/f4684.pdf

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In TurboTax, ... jump to the entry area for casualty loss:

  • Enter casualty loss in the TurboTax search box and press the Enter key.
  • On the Stolen or Damaged Items screen, click Yes.
  • Answer the interview questions describing your event.