topic Lost crypto through Celsius Failure in Get your taxes done using TurboTax

Lost crypto through Celsius Failure

featherstone40 — Tue, 10 Mar 2026 06:50:30 GMT

I had funds in a Crypto company named Celsius that is in the process of bankruptcy. Is there a way for me to write off these loses?

fanfare — Wed, 16 Nov 2022 21:31:24 GMT

You can't deduct losses until the bankruptcy moves through the court and is finalized.

You need evidence that it is impossible to recover anything.

ee-ea — Wed, 16 Nov 2022 21:32:13 GMT

You will have a capital loss. The amount will be the cost of your investment. See this for more info