Top Two Critical Mistakes When Dealing With Ponzi Scheme Tax Losses

The two most critical mistakes that result in the loss of the maximum advantage of tax deductions seem to be:

1. the failure to deduct the tax losses in the proper year, and
2. to enter into settlements that may turn the ordinary theft loss into a capital loss that will be of much less value. The latter can occur for example, if an investor were to accept shares of stock as part of a settlement and then those shares of stock (a capital asset) lost all of their value.

Learn more with this Report #1 on the FTX Ponzi

https://www.lehmantaxlaw.com/ftx-ponzi-scheme/