Cryptocurrency and Virtual Currency Accounting
Real Estate and Construction Accounting
Hey Saim, I know about crypto taxation but my case is a little different. Somebody hacked my account and I lost a major part of my earnings. How should report this into my taxes?
You can claim such losses under personal casualty and theft. This deduction is not a dollar for dollar and certain thresholds need to be met.
Best to speak with a cryptocurrency accountant about your specific case and how to deduct crypto stolen on your Tax return.
© Saim Akif, 2021