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  #4  
Old 01-27-2004, 09:33 PM
sheesh3@yahoo.com
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Default Re: Theft loss

me[at]nospam.com (Sherry) wrote:

- quote -

> My husband pulled a fast one on me. We sold our house in
> Chicago to move to Phoenix. He took the money and ran.
> Three months later he died of a heart attack in Denver with
> no trace of the money. My half is $186,530. What are my
> options?


Sounds like you have a casualty/theft loss based on what is
written above. Check out form 4684. You are going to need
to itemize, deduct $100 from your loss, and then deduction
10% of your AGI.

bex

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  #3  
Old 01-27-2004, 09:38 AM
Harlan Lunsford
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Default Re: Theft loss

Sherry wrote:

- quote -

> My husband pulled a fast one on me. We sold our house in
> Chicago to move to Phoenix. He took the money and ran.
> Three months later he died of a heart attack in Denver with
> no trace of the money. My half is $186,530. What are my
> options?


1. to post this question on another board, since it's not a
tax question.

2. to next determine whether or not you were entitled to
what you call your half. Maybe the house was just titled
in his name.

3. n/a

cheer$,
Harlan Lunsford, EA n LA

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  #2  
Old 01-27-2004, 09:18 AM
Stuart O. Bronstein
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Default Re: Theft loss

me[at]nospam.com (Sherry) wrote:

- quote -

> My husband pulled a fast one on me. We sold our house in
> Chicago to move to Phoenix. He took the money and ran.
> Three months later he died of a heart attack in Denver with
> no trace of the money. My half is $186,530. What are my
> options?


How did he get the money? Did he forge your endorsement?
If so, you might be able to get the bank to pay you back,
since they are not supposed to pay a check over a forged
endorsement.

If the money was put into your joint account and then he
grabbed it, all you can do is to try to track it down. Did
it go into some bank account someplace? Where did it go
after that?

If you can find out where it went, and there is still either
money or things purchased with that money, you can probably
get it all, not just half.

Talk to your local police and file a theft report. Perhaps
they can help you track it down.

Stu

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  #1  
Old 01-27-2004, 08:40 AM
Phil Marti
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Default Re: Theft loss

me[at]nospam.com (Sherry) writes:

- quote -

> My husband pulled a fast one on me. We sold our house in
> Chicago to move to Phoenix. He took the money and ran.
> Three months later he died of a heart attack in Denver with
> no trace of the money. My half is $186,530. What are my
> options?


Well, it's too late to wish him a slow, painful death. I
don't see any tax issues. I suppose you could try a private
investigator to try to find some money, but it probably went
to WWSG.

Phil Marti
Topeka, KS

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Old 01-27-2004, 07:42 AM
A.G. Kalman
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Posts: n/a
Default Re: Theft loss

Sherry wrote:

- quote -

> My husband pulled a fast one on me. We sold our house in
> Chicago to move to Phoenix. He took the money and ran.
> Three months later he died of a heart attack in Denver with
> no trace of the money. My half is $186,530. What are my
> options?


Dates, I gotta have dates. When did you sell the house?
When did he die? Did this house qualify for the capital
gains exclusion? Was the relocation due to an employment
change or for reasons of health?

--
Alan
http://taxtopics.net

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  #-1  
Old 01-25-2004, 08:15 PM
Sherry
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Posts: n/a
Default Theft loss

My husband pulled a fast one on me. We sold our house in
Chicago to move to Phoenix. He took the money and ran.
Three months later he died of a heart attack in Denver with
no trace of the money. My half is $186,530. What are my
options?

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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