Ilaria
Thu Sep 26 2024
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7 answers
1875
Can stolen crypto be written off?
Can you please clarify for me if stolen cryptocurrency can actually be written off as a loss for tax purposes? I've heard conflicting opinions on this matter, and I'm not sure how to proceed with my tax filings. Is there a specific process or set of criteria that must be met in order to qualify for this type of deduction? Additionally, are there any potential consequences or limitations that I should be aware of before attempting to write off stolen crypto?
