I lost about $10,000 to a cryptocurrency romance scam. It was online in my account when they changed the name & password. Total loss. Does this need reporting?
022610
2 Replies
Bsch4477
Level 15
Sep 10, 2024 2:19:05 PM
Report to the police but there is no tax relief and no tax reporting required.
xmasbaby0
Level 15
Sep 10, 2024 3:00:28 PM
Sorry---theft losses are not deductible on your tax return.