CMKM Diamonds Inc (fka CMKX)

[Aristo]

I don't think you can do that. it says you can write off your losses in a stock scam as a theft loss?
Looks like the site itself might be a scam too, LOL

from IRS:
"The Internal Revenue Service and Treasury Department are aware that some taxpayers who acquired stock on the open market for investment have been advised that they may be able to deduct as a theft loss the decline in market value of their stock caused by disclosure of accounting fraud or other illegal misconduct of the officers or directors of the corporation that issued the stock. The purpose of this notice is to advise taxpayers that the Service intends to disallow such deductions and may impose penalties under § 6662."

Related Links




Did you ever hear of this site?

It is about scams.