Hello: Typically, you can't deduct losses for lost or stolen crypto on your return. Losses in the crypto world would mean having damage, destruction, or loss of your crypto from an identifiable event that is sudden, unexpected or unusual. You most likely did not have income reported on this previously to take the loss.
Here is a link for further details: https://ttlc.intuit.com/community/articles/community-news-announcements/crypto-investors-your-lives-...
Have an amazing day. Evelyn M (CPA 20+ years)
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