How do I report crypto theft and loss of investment?

[sherry-kirkpatri]

I lost $7K to scammers and would like to claim this as a theft loss.  Any idea on where to show this on the forms?

[xmasbaby0]

Your other thread:

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-do-i-report-the-t...

[Mike9241]

I'll shorten the other thread. theft losses have not been deductible since 2018 unless the loss was in a PONZI type scheme.  I doubt your loss qualifies.

[Rickbocek]

Well

in most cases, it is usually near to impossible to trace a crypto theft regardless of the method you were exploited with.

in recent years , the government have gradually deciphered a way around trailing identities of crypto scammers 

Hackers can be tracked down talk more mere crypto thieves with zero tech IQ

If you do a little more research you would have come across the Eyes Openers. Org, a non governmental organisation that has researched deeper than the government in crypto and any loss to theft  by any method on crypto assets can be recovered by them.