Ponzi Scheme Losses
Ponzi Loss Recovery - Calculation
Under a provision of law known as the tax benefit rule, a taxpayer must include in income the recovery of any amount deducted in a prior taxable year to the extent the prior year’s deduction reduced the taxpayer’s tax liability for that year (or created a net operating loss carryback or carryover
Need Professional Help?
If you need help with "Ponzi Scheme Losses" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.