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Level 1
posted Aug 27, 2025 9:49:31 PM

How do we report losses of crypto assets due to theft or fraud?

I lost some assets when my wallet was hacked and my assets stolen.

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1 Replies
Level 15
Aug 28, 2025 5:55:14 AM

Sorry---theft losses are not deductible on your federal tax return unless they are the result of being a vicim of a Ponzi scheme.