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How to report Ponzi Scheme losses on your tax return?
Rev. Proc. 2009-20 provides a safe-harbor method for Ponzi Scheme. If a qualified investor with a qualified loss follows the procedures described in the revenue procedure, the Service will not challenge: If you are a qualified investor with a qualified loss defined in Rev. Proc. 2009-20, then follow the steps below for the Ponzi Scheme…