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September 9, 2021
Question

How do I report crypto theft and loss of investment?

  • September 9, 2021
  • 3 replies
  • 0 views
I lost $7K to scammers and would like to claim this as a theft loss.  Any idea on where to show this on the forms?

3 replies

Employee
September 9, 2021
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
September 9, 2021

I'll shorten the other thread. theft losses have not been deductible since 2018 unless the loss was in a PONZI type scheme.  I doubt your loss qualifies.

 

Rickbocek
April 15, 2022

Well

in most cases, it is usually near to impossible to trace a crypto theft regardless of the method you were exploited with.

 

in recent years , the government have gradually deciphered a way around trailing identities of crypto scammers 

 

Hackers can be tracked down talk more mere crypto thieves with zero tech IQ

 

If you do a little more research you would have come across the Eyes Openers. Org, a non governmental organisation that has researched deeper than the government in crypto and any loss to theft  by any method on crypto assets can be recovered by them.