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I incurred a cash loss due to fraud. Can I claim any of the amount with my filing?
I incurred a cash loss due to fraud. Can I claim any of the cash loss with my filing?
May 14, 2023
8:26 AM
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Troubleshooting
I wouldn’t be so sure about that. Certainly you wouldn’t need to have the fraud documented and the question then would really be may I deduct losses that occurred as a result of theft, or shrinkage from my business.
so sorry you had that unfortunate incident, I hope this helps you
May 17, 2023
12:14 PM
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Troubleshooting
Excuse: I meant to say that you would certainly needs to have the fraud documented
May 17, 2023
12:15 PM
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Troubleshooting
As fraud is a legal matter, the only thing that you can claim on your income tax return is if you have any legal fees.
Thank you for choosing TurboTax.
May 17, 2023
1:56 PM