I understand the Trump Tax Cut changed rules regarding the deductibility of Ponzi losses especially if it is personal. However if the Ponzi losses are business related are they still deductible?
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An Enrolled Agent wrote a good article addressing this issue but cannot remember who wrote it. You might check with the Association of Enrolled Agents. Also, it is addressed on the IRS web-site.
Was it addressed when you read "the Trump Tax Cut changed rules regarding the deductibility of Ponzi losses especially if it is personal" ?Last edited by TAXNJ; 04-25-2019, 04:49 PM.Always cite your source for support to defend your opinion -
Also, review Rev. Rul. 2009-9; Rev. Rul. 2009-20; Rev. Rul. 2009-19
The Tax Book 4-22; 4-26; 6-10
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