https://ttlc.intuit.com/community/taxes/discussion/re-crypto-currency/01/3287429#M1209289 <P><SPAN style="color:rgb(29,28,29);font-size:15px;">Every bankruptcy case is different, so its hard to answer without knowing more information about your crypto activity.&nbsp;</SPAN></P><P>&nbsp;</P><P><SPAN style="color:rgb(29,28,29);font-size:15px;">This </SPAN><A href="https://www.taxpayeradvocate.irs.gov/news/tax-tips/tas-tax-tip-when-can-you-deduct-digital-asset-investment-losses/2023/10/#:~:text=If%20you%20received%20a%20settlement,year%20you%20received%20the%20settlement" target="_blank"><SPAN style="color:hsl(240,75%,60%);font-size:15px;">article</SPAN></A><SPAN style="color:hsl(240,75%,60%);font-size:15px;"> </SPAN><SPAN style="color:rgb(29,28,29);font-size:15px;">will provide you with good information. Essentially if you were paid from a settlement, you will report a sale with the cost basis being what you purchased the crypto at, and proceeds of what you got back as the settlement.</SPAN></P> Thu, 28 Mar 2024 20:17:21 GMT CatinaT1 2024-03-28T20:17:21Z https://ttlc.intuit.com/community/taxes/discussion/crypto-currency/01/3287123#M1209185 <P>How do I account for crypto losses due to a chapter 11 bankruptcy claims settlement?&nbsp; Settlement recovery was 35.72%.&nbsp;</P> Wed, 11 Feb 2026 05:05:54 GMT https://ttlc.intuit.com/community/taxes/discussion/crypto-currency/01/3287123#M1209185 XGVA 2026-02-11T05:05:54Z https://ttlc.intuit.com/community/taxes/discussion/re-crypto-currency/01/3287429#M1209289 <P><SPAN style="color:rgb(29,28,29);font-size:15px;">Every bankruptcy case is different, so its hard to answer without knowing more information about your crypto activity.&nbsp;</SPAN></P><P>&nbsp;</P><P><SPAN style="color:rgb(29,28,29);font-size:15px;">This </SPAN><A href="https://www.taxpayeradvocate.irs.gov/news/tax-tips/tas-tax-tip-when-can-you-deduct-digital-asset-investment-losses/2023/10/#:~:text=If%20you%20received%20a%20settlement,year%20you%20received%20the%20settlement" target="_blank"><SPAN style="color:hsl(240,75%,60%);font-size:15px;">article</SPAN></A><SPAN style="color:hsl(240,75%,60%);font-size:15px;"> </SPAN><SPAN style="color:rgb(29,28,29);font-size:15px;">will provide you with good information. Essentially if you were paid from a settlement, you will report a sale with the cost basis being what you purchased the crypto at, and proceeds of what you got back as the settlement.</SPAN></P> Thu, 28 Mar 2024 20:17:21 GMT https://ttlc.intuit.com/community/taxes/discussion/re-crypto-currency/01/3287429#M1209289 CatinaT1 2024-03-28T20:17:21Z