Crypto currency

[XGVA]

How do I account for crypto losses due to a chapter 11 bankruptcy claims settlement?  Settlement recovery was 35.72%. 

[CatinaT1]

Every bankruptcy case is different, so its hard to answer without knowing more information about your crypto activity. 

This article 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.