Cryptocurrency Q&A
Can I claim a loss on stolen cryptocurrency?
Can I claim a loss on stolen cryptocurrency?
KatanaBlade
Mon Dec 02 2024
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7 answers
1258
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 a loss on this stolen cryptocurrency.
7 answers
Chiara
Wed Dec 04 2024
It's important to note that the availability of these options will depend on the specific tax laws and regulations in your country or region.
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Giulia
Wed Dec 04 2024
On the other hand, if there is a market for your crypto-assets, you may have a different set of options available to you.
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Valentina
Wed Dec 04 2024
Specifically, you can choose to dispose of your assets and claim an investment loss on your tax returns.
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SakuraWhisper
Wed Dec 04 2024
In the event that your crypto assets have been rug-pulled or scammed and there is no viable market for them, you have the option to write off any unrealized losses.
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FireflySoul
Wed Dec 04 2024
This can help you to offset some of the financial impact of the scam or rug-pull on your overall investment portfolio.
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