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New Member
posted Apr 1, 2025 8:24:36 AM

if I was hacked for $19500 in crypto is that a loss?

hacked

0 2 166
2 Replies
Level 15
Apr 1, 2025 8:27:26 AM

No, that is not defined as a loss and cannot be entered on the tax return.

Expert Alumni
Apr 1, 2025 8:27:42 AM

No.  That would be theft.  Theft is not currently deductible on your tax return.