Scam victims required to pay income taxes on losses under 2017 tax cut legislation
A News 12 investigation found that a woman who lost $1 million to a scam now owes hundreds of thousands in taxes.
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Being scammed out of money may not be the biggest thing you have to worry about.
Some people who fall victim to a scam or have their money stolen are being forced to pay taxes on the money they lost.
A News 12 investigation found that a woman who lost $1 million to a scam now owes hundreds of thousands in taxes.
