I was scammed out of my retirement account (a victim of identity theft). Can I deduct the loss?

Alert the IRS, credit reporting bureaus, and other agencies that you have been a victim of identity theft. Determine whether this is a theft loss. Determine whether you can recover the funds. Unfortunately, if it’s a theft under state law and you can’t recover the money, you don’t get a tax break for it. For 2018 through 2025, no itemized deduction for a theft is allowed.