Saim Akif
CPA, CFA, CAMS, Realtor
Cryptocurrency and Virtual Currency Accounting
Real Estate and Construction Accounting
Saim Akif, CPA, CFA, CAMS, Realtor
My crypto was stolen or hacked? What does it mean Tax wise?
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