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Get your taxes done using TurboTax
No. You do not need to amend and you will not get taxed on it. A bitcoin scam is not a taxable event. You cannot report a loss from it as this would be considered theft and is not currently a deductible expense, but you also do not report a gain from it. So there will be no affect on your return.
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‎February 11, 2025
1:06 PM