Can worthless bitcoins be written off? What forms would I use? Thank you
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8949 >> D... but don't forget about Sch 1
When did Bitcoin become worthless? Isn't it trading around $9K?
I asked one of my clients if he had invested in cryptocurrency, bitcoins etc and he told me
"My friend gave me 1 dollar in bitcoin so I could see how it works, but I don't know anything about it or how to get any money from it...I don't have any paperwork about it....do you know how it works?"
I just checked the YES box to the Sch 1 question and moved on.
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