IRS Begins Mailing Refunds To Madoff Victims

Bet you didn’t know that there is a provision in the tax code that allows Ponzi victims to deduct 95 percent of their net investment losses the year the theft is discovered.

Bet you didn’t know that there is a provision in the tax code that allows Ponzi victims to deduct 95 percent of their net investment losses the year the theft is discovered. It’s called the theft loss deduction. AccountingWeb.com.

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