I incurred a cash loss due to fraud. Can I claim any of the amount with my filing?

[cartyh]

I incurred a cash loss due to fraud. Can I claim any of the cash loss with my filing?

[TurboTaxBrenda1]

Unfortunately not. 

[twinnet2]

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

[twinnet2]

Excuse: I meant to say that you would certainly needs to have the fraud documented

[TurboTaxBrenda1]

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. 

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