If you were defrauded on the Internet and you are filing a US Tax return for 2010 here is some quick help.
It is tax deductible if you suffered a loss due to the theft of your money or items in an online scam.
You should have supporting documentation such as a copy of the police report you filed at the time of your loss. Make sure you keep copies of all receipts and evidence.
For more information please visit:
You will need to fill out an IRS Form 4684 and Form 1040 and Schedule A
Here are the instructions for the Form 4684 you will need to file:
The form is located here:
If you have any question please consult a qualified tax preparer.