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.
041615
4 Replies
xmasbaby0
Level 15
Jan 22, 2025 5:21:19 PM
Sorry ---only theft from a Ponzi scheme is deductible on a federal return.
xgin11
Level 2
Jan 22, 2025 5:22:17 PM
Yes, I know that, but how do I report it on my taxes?
xgin11
Level 2
Jan 22, 2025 5:23:28 PM
As if I had never had sold it?
xgin11
Level 2
Jan 25, 2025 7:53:02 AM
After research, I see I don't have to report transfers.