How do I claim losses from crypto that was delisted due to fraud, is no longer trading anywhere and worth nothing?
One of the investor created some fake coins sold everything which caused coin to be delisted and is no longer trading anywhere and it is worth nothing. How do I claim crypto losses on this?
How do I claim losses from crypto that was delisted due to fraud, is no longer trading anywhere and worth nothing?
Unfortunately, beginning in 2018 these losses are no longer deductible. Only investment losses from Ponzi-like schemes can be ducted. The Ponzi-scheme losses are filed on form 4684 - Section C.