https://ttlc.intuit.com/community/taxes/discussion/fraud-scam-crypto-loss/01/3733867#M1384468 <P>Hello I was a victim of crypto fraud and the crypto in my Coinbase account was transferred to the to fraudsters/scammers account.&nbsp; I filed a police report etc but most likely will never get funds back.&nbsp; However, since I was scammed into giving access to my account guess I am liable for any tax, right? would be final insult if I had to pay tax is there a way to let IRS know that transitions not made by me?</P> Fri, 23 Jan 2026 23:05:29 GMT mrmpatel86 2026-01-23T23:05:29Z https://ttlc.intuit.com/community/taxes/discussion/fraud-scam-crypto-loss/01/3733867#M1384468 <P>Hello I was a victim of crypto fraud and the crypto in my Coinbase account was transferred to the to fraudsters/scammers account.&nbsp; I filed a police report etc but most likely will never get funds back.&nbsp; However, since I was scammed into giving access to my account guess I am liable for any tax, right? would be final insult if I had to pay tax is there a way to let IRS know that transitions not made by me?</P> Fri, 23 Jan 2026 23:05:29 GMT https://ttlc.intuit.com/community/taxes/discussion/fraud-scam-crypto-loss/01/3733867#M1384468 mrmpatel86 2026-01-23T23:05:29Z https://ttlc.intuit.com/community/taxes/discussion/re-fraud-scam-crypto-loss/01/3739739#M1387017 <P>Follow these steps to report the loss of income producing property:</P> <OL> <LI>If Coinbase issues a 1099-DA showing the transfers as sales, you will report then on your return but show the proceeds as $0 and use adjustment code L and follow the prompts for stolen/ theft.</LI> <LI>Report the theft on Form 4684. See <SPAN style="background: var(--ck-color-mention-background); color: var(--ck-color-mention-text);"><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/746209">@MarilynG1</a></SPAN>&nbsp;<A href="https://ttlc.intuit.com/community/taxes/discussion/re-i-was-scammed-out-of-a-large-amount-crypto-by-sending-it-to-a-wallet-address-i-ve-reported-i/01/3733936#M1384499" target="_blank"> here </A>for instructions. Be sure to select that this is Business or <U>Income Producing property </U>You will claim what you paid rather than the fair market value.</LI> </OL> <P>Be sure to keep all your records as this is a high scrutiny area by the IRS.</P> <P>See <A href="https://www.consumer.ftc.gov/articles/what-know-about-cryptocurrency-and-scams#:~:text=Report%20the%20scam%20immediately%20to,at%20ReportFraud.ftc.gov." target="_blank">What To Know About Cryptocurrency and Scams - FTC</A></P> Tue, 27 Jan 2026 18:51:01 GMT https://ttlc.intuit.com/community/taxes/discussion/re-fraud-scam-crypto-loss/01/3739739#M1387017 AmyC 2026-01-27T18:51:01Z