@stvnguan wrote:
@Opus 17
In my case, I definitely wouldn't consider my BTC a personal-use property since I bought it as an investment. So according to the IRS FAQs I would be able to recognize a capital loss by sending BTC to pay someone else back.
I don't feel I can comment further. That is certainly an argument you are allowed to make. If audited, you will have to back it up.
