Deducting Madoff Losses
What is the best way to handle a Madoff loss for tax purposes? Can you deduct it as a theft without the income limitations on itemized deductions?
What is the best way to handle a Madoff loss for tax purposes? Can you deduct it as a theft without the income limitations on itemized deductions?
Permalink Submitted by Bruce Steiner on Fri, 2009-04-03 21:07
See Revenue Ruling 2009-9: http://image.emarketerpro.skylinetechnologies.com/lib/feff1070766306/d/1… and Revenue Procedure 2009-20: http://image.emarketerpro.skylinetechnologies.com/lib/feff1070766306/d/1…