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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Virtual currency loss due to theft
Virtual currency loss due to theft
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dios1
Level 1
03-07-2023
09:18 PM
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Client has been trading crypto for a few years. Recently he had his account hacked into and they stole a large amount of bitcoin. Transferred out of his account and his account got closed by the provider. What is the best way to claim any theft or loss of the virtual currency? if any. Can't find any real guidance apart from TCJA making theft losses no longer deductible.
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taxes96786
Level 9
03-08-2023
01:10 AM
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