Latest / North Star Tax and Legal Briefing
Scammed in a ’Pig Butchering’ Investment Fraud? The Tax Code May Give New Mexico Victims Back a Piece
Pig butchering scams cost victims billions, but the tax code may return a meaningful piece of what was stolen — if the loss qualifies as an investment-motivated theft. This briefing walks through who still qualifies after the 2017 law change, why the deduction lands in the year the theft is discovered, and what a retired Albuquerque couple's $120,000 loss is really worth at filing time. Full written analysis with citations: https://nm-legal.net/pig-butchering-scam-theft-loss-deduction-new-mexico/
The skinny
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