TaxWatch: Dear Tax Guy: My mom spent $90K buying bitcoin, gifts and computers due to an online romance scam. Will the tax code provide any damage control?

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Dear Tax Guy,

My mom went into debt to buy bitcoin for a scammer because she thought she was in a romantic relationship with him. She also racked up credit-card debt to mail computers and gift cards to the scammer.

She’s in debt now for over $90,000 due to this scam, with no relief. She was too embarrassed to admit that she was being…

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