Voyager, sold my crypto after to recover a 1k balance. Does anyone have any idea on how to report that you lost a lot of money because the app sold your assets?

Forum|Forum|3 years ago
February 5, 2023
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Voyager, sold my crypto after freezing everyone's account to recover a 1k balance. I lost 4xwhat I owed them because of the value dipping. But since the app is bankrupt and holding everyone crypto hostage, im not quite sure how to report this for my taxes. Does anyone have any idea on how to report that you lost a lot of money because the app sold your assets?

TurboTax Self Employed Online

Critter-3

It is entered as a normal sale ... you bought the crypto for X and sold it for Y and gets reported on the Sch D ... the rest of the story is immaterial.

kegeiAuthor

So even though i didnt sell it technically, just mark thme as a sale?

Critter-3

Please contact Voyager to see what you need to do ... but if they actually sold your crypto (even without your permission) then it is a reportable sale.