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Level 1
May 19, 2026
Question

can i recover a bitcoin loss from a scam?

  • May 19, 2026
  • 1 reply
  • 30 views
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1 reply

Mike9241
Level 15
Level 15
May 20, 2026

Maybe. Read IRS Chief Counsel) Memorandum Number 202511015. if you're situation is like victim 1, 2, or 3, it's deductible to the extent of your basis. Read carefully as to what your basis is for tax purposes. If it's like victims 4 ot 5 the loss is not deductible.

theft loss deduction  

 

Mike9241