How would you show a Ponzi loss of lets say $3900 on a 1040 form on any line other than line 40? I have seen info about using Proc. 2009-20, form 4684, and schedule A, however, the final step seems to lead to transferring an amount to line 40 of 1040 form. The standard deduction of $5950 for single filers is more than the Pozni loss so naturally it would be used instead of the Ponzi loss therefore not allowing you to show the loss. Any ideas?