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How do you report stolen crypto?
Our Coinbase account got hacked and over $20,000 was stolen, and we have not got it back. How do you report stolen crypto on your taxes?
Theft and casualty losses are not deductible as of the tax laws that went into effect for 2018 through 2025. Only losses as the result of a Ponzi scheme are deductible, or casualty losses incurred in a federally declared disaster area.
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