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To: TobagoJack who wrote (43972)	12/16/2008 12:02:04 PM
From: elmatador	Read Replies (1) of 217686

Madoff investors will get tax relief. "Tax rules allow investors who fall prey to criminal theft perpetrated by their investment advisers or brokers to claim a tax deduction stemming from their losses." The rules, which are in part tied to definitions under state theft laws, could potentially put hundreds of millions or even billions of dollars, in the form of tax breaks, back into the pockets of Mr. Madoff’s stunned investors, including the publishing magnate Mort Zuckerman; the owner of the New York Mets, Fred Wilpon; and wealthy investors from Palm Beach to Europe. But it is unclear whether the Internal Revenue Service will see things that way. The agency, which never comments on issues specific to individual taxpayers or cases, declined on Monday to discuss whether it would allow Mr. Madoff’s investors to use the theft-loss rule. nytimes.com Perfect crime.

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