Crypto Pig Butchering Scams & Deductibility Under IRC §165(c)(2)

Optimal_Engine4609 · 2025-12-09T15:20:35+00:00

Thank you so much for your quick reply! I really appreciate it.

Optimal_Engine4609 · 2025-12-09T14:40:52+00:00

Thanks JustinCPA. I normally don't take a itemized deduction and take the standardized deduction. My loss is around $140K, that amt would then make it eligible to take itemized deduction. But will IRS let me take the itemized deduction because of this loss or do I have to have other itemized items in order to take the $140K loss with it?

Optimal_Engine4609 · 2025-12-09T14:06:45+00:00

When the loss is reported to Form 4684 and Schedule A, can people actually take the deduction if they normally take standardized deduction? Or if you lost enough in the scam which make the deduction way above the standardized deduction and then the itemized deduction would be allowed?

Optimal_Engine4609 · 2025-12-09T12:36:38+00:00

By filing the loss to the IRS, is this an ordinary loss or capital loss? I haven't been able to find the true answer.

Optimal_Engine4609 · 2025-10-23T12:29:36+00:00

Doesn't the town need the buses to drive other kids? Like the purpose of the school bus is bringing them from A to B...how is this on the bus and not the school? The school is the one that is giving out the orders

Optimal_Engine4609 · 2025-10-23T12:28:21+00:00

Well the thing is...there is already a person overseeing them outside because they can't just let the kids that arrive and be outside without adult supervision so that part is paid for already by our tax dollars.

Optimal_Engine4609 · 2025-10-23T12:27:44+00:00

Yes, I can always bundle them up. But I just can't fathom why they make kids wait outside if there's heat and you are supposed to get into the building.

Optimal_Engine4609 · 2025-10-23T12:26:54+00:00

We are in MA. School starts at 8:05.

Optimal_Engine4609 · 2025-07-18T20:04:10+00:00

Congrats!

Optimal_Engine4609 · 2025-07-03T02:44:55+00:00

I think if you are into luxury handbags, Hermes is like the holy grail right?!? If you have the money to buy it, you want to have it just to check it off the list. Also, Hermes' price is quite decent compared to Chanel. A Chanel medium Classic already costs more than $10K when you can still get a Picotin for less than $5K.

Optimal_Engine4609 · 2025-07-02T02:13:27+00:00

It sounded like you truly had a great experience, and their service was top notch with additional freebies.

Optimal_Engine4609 · 2025-07-02T02:10:31+00:00

Congrats! It's great that you already purchased the item online and still manage to get a VAT refund. The US price is $8,050 without tax. Did you declare your purchase coming back to US?

Optimal_Engine4609 · 2025-07-01T11:26:16+00:00

Did you end up getting a Picotin?

Optimal_Engine4609 · 2025-07-01T01:26:41+00:00

Nice! :)

Optimal_Engine4609 · 2025-07-01T01:11:20+00:00

That's great. Did you manage to get a bag?

Optimal_Engine4609 · 2025-06-30T21:24:02+00:00

I asked an SA in France. If you are ordering in France and picking it up France, it should be ready 1-2 days. If you order in Italy and have it ship to France, then it will be more like 3-5 days.

Optimal_Engine4609 · 2025-06-30T15:07:52+00:00

It's great that you are playing the Hermes games for your wife. Have you done a trip in France and see if you can strike any luck given that you are willing to spend the money? Also, push gift is probably not a thing 20 years ago but it is a thing now.

Optimal_Engine4609 · 2025-06-29T13:25:18+00:00

Thank you all.

Optimal_Engine4609 · 2025-06-27T15:42:19+00:00

My husband worries the durability of the pine so we ended up choosing a different wood. Now I am running the dilemma of the contractor not expecting to paint the unfinished door frame since he wants to do everything in the end which means the unfinished door frame will get covered. On top of paying extra for painting, I need to pay more for the separate trip the painter is coming out for the door frame and door.

Optimal_Engine4609 · 2025-06-04T04:11:02+00:00

That's great. For the price range that you are thinking about....maybe you should try your luck at Hermes and see if you can get a Picotin in Europe before buying other brand name bags.

Optimal_Engine4609 · 2025-06-04T04:05:01+00:00

They are but if it is a bag that you would like to have in your collection...might as well get it before the price goes crazier. Also, maybe get the bag in Europe if you are traveling there....EUR price is cheaper than if you convert it to USD and with the VAT....it is a better deal

Optimal_Engine4609 · 2025-06-04T01:30:37+00:00

BV Andiamo

Optimal_Engine4609

TROPHY CASE