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Tax Guy: Dear Tax Guy: My mom spent $90K on bitcoin and gifts due to a romance scam. Will the tax code provide any damage control?

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Tax Guy: Dear Tax Guy: My mom spent $90K on bitcoin and gifts due to a romance scam. Will the tax code provide any damage control?

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1 year ago

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Tax Guy: Dear Tax Guy: My mom spent $90K on bitcoin and gifts due to a romance scam. Will the tax code provide any damage control?

Does this somehow fall under gift-tax laws…
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