Cryptocurrency Q&A
Can you claim lost crypto?
Can you claim lost crypto?
CryptoGladiatorGuard
Tue Dec 03 2024
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7 answers
1785
I've lost my cryptocurrencies and I'm wondering if there's any way to claim them back. Is it possible to retrieve lost crypto, and if so, how should I go about it?
7 answers
GangnamGlitzGlamourGlory
Thu Dec 05 2024
To claim a loss on a cryptocurrency asset, certain conditions must be met.
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NebulaChaser
Thu Dec 05 2024
Specifically, a crypto taxable event must have occurred on the asset in question.
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Carolina
Thu Dec 05 2024
This taxable event could involve selling the cryptocurrency for cash or another asset.
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CryptoEmpireGuard
Wed Dec 04 2024
Another way to trigger a taxable event is by trading the cryptocurrency for a different type of crypto.
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Sebastiano
Wed Dec 04 2024
Spending cryptocurrency on goods or services also constitutes a taxable event.
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