Hi James,
Thanks for responding.
I didn't start to buy the BTC/ETH as an investment, but bought it to complete the tasks. I don't have any more BTC/ETH in my wallet as I have transferred everything to their account which they specified.
Scam Details
The scammers have approached me as a part time job offer in which I need to perform App optimization on their website. As part of this, I would need to buy the apps using BTC or ETH, and then I need to transfer it to the account which their customer support suggested. I was offered $200 per day, but I never got any amount, but they were adding the balances on their website, and always said I could withdraw as soon as I complete the tasks. But they were giving some excuses whenever I was asking for withdrawal.
Whether this would be considered as Crypto loss or Theft or anything else?
Also, now I have got 1099-B form from CashApp for 2024 transactions. Whether I should fill that information while filing tax?
