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I was scammed out of a large amount crypto by sending it to a wallet address. I've reported it to the FBI. How do I deal with it for taxes? I sent it from Coinbase and have the address of where the crypto was sent.

 
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4 Replies

I was scammed out of a large amount crypto by sending it to a wallet address. I've reported it to the FBI. How do I deal with it for taxes? I sent it from Coinbase and have the address of where the crypto was sent.

Sorry ---only theft from a Ponzi scheme is deductible on a federal return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I was scammed out of a large amount crypto by sending it to a wallet address. I've reported it to the FBI. How do I deal with it for taxes? I sent it from Coinbase and have the address of where the crypto was sent.

Yes, I know that, but how do I report it on my taxes?

I was scammed out of a large amount crypto by sending it to a wallet address. I've reported it to the FBI. How do I deal with it for taxes? I sent it from Coinbase and have the address of where the crypto was sent.

As if I had never had sold it?

I was scammed out of a large amount crypto by sending it to a wallet address. I've reported it to the FBI. How do I deal with it for taxes? I sent it from Coinbase and have the address of where the crypto was sent.

After research, I see I don't have to report transfers.

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