turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

avt3000
Returning Member

Blockfi Bankruptcy complete

I've recently received the last of my BTC from blockfi Interest account settlement

(I'm going to round the numbers)

2020, I opened my  Blockfi interest account and bought 0.3 BTC with $10000 (all purchase/interest transaction saved)

When the bankruptcy began in Nov/2022, the court lock my 0.3 BTC @ current market value of ($5000)  

I've been paid back ($5000) in 0.08 BTC this year (2024). Unfortunately, its less BTC due to market being much higher. (Too bad for me)

 

I needs some help on how to record this mess on my 2024 taxes in turbotax.

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question