OWC Pharmaceutical Research Corp (OWCP)

[ChuckBits]

This is a deja vu topic:

Investment and other theft losses are covered in the IRS section 165 of the tax code. If you wish to claim a deduction for any losses due to investment fraud, you must complete a theft loss report. Theft loss reports should be submitted using Form 4684 and Form 1040 Schedule A.

I'm definitely NOT an expert, but I recall things like "what year the loss happened, possibly re-filing a prior year return, must itemize", etc. Like Swamp Boy said, ask your accountant!