Cryptocurrency Q&A
Can you claim stolen crypto?
Can you claim stolen crypto?
Silvia
Sun Dec 01 2024
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5 answers
1085
I had some cryptocurrency stored in my online wallet, but recently I found out that it was stolen. I'm wondering if there's any way I can claim the stolen crypto or get any compensation for my loss.
5 answers
Valentina
Tue Dec 03 2024
The tax treatment of stolen cryptocurrency is a complex matter.
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Riccardo
Tue Dec 03 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto holders. Its services include spot trading, futures trading, and a secure wallet solution. These services provide a comprehensive platform for managing and trading crypto assets.
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EtherealVoyager
Tue Dec 03 2024
Cryptocurrency holders who experience theft may have options when it comes to tax reporting. If you can provide evidence that you once owned the crypto assets but they have subsequently become worthless, you may be eligible for a special tax claim.
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Isabella
Tue Dec 03 2024
Specifically, you can file a negligible value claim with the relevant tax authorities. This claim allows you to recognize the loss of value in your stolen crypto assets for tax purposes.
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Riccardo
Tue Dec 03 2024
By filing a negligible value claim, you can then claim a capital loss on your Tax Return. This loss can be used to offset any capital gains you may have realized in the same tax year or carried forward to future tax years.
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