The bigger question is, if you can end up writing off what we don't recover, how do we go about doing that? Are we supposed to file an amended return and realize the loss on the day of the bankruptcy when the value of our assets was locked in and dollarized (what it was all worth vs how much we get back today and the difference between the two being the loss)? That happened in July 2022. They gave us a dollarized value of our crypto assets. We are going to get back a small portion of our assets in kind, they won't be giving us dollars but crypto back. Maybe 30%.
We are supposed to find out around the end of this month/beginning of next. Would we address all of this in next year's filing for 2024?
