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?
EmilyJohnson
Mon Sep 16 2024
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7 answers
1504
How long before a debt is written off?
Could you please elaborate on the process of writing off a debt and provide an estimate of how long it typically takes before a debt is officially considered as written off? Are there any specific factors that can impact the duration of this process, such as the type of debt, the amount owed, or the creditor's policies? Additionally, how does the process of writing off a debt differ from other methods of debt resolution, such as debt consolidation or settlement?
