This is the most asked question at our crypto tax law firm. Can you claim scammed crypto on your taxes? The answer is it depends. After 2018, theft lost deductions are no longer allowable as an itemized deduction. So depending on your situation and if you’re a business or if the loss was due to a fraud or Ponzi scheme, there might be ways to take the loss. If you’re not sure if the deduction applies to you, contact an attorney for help.
#scam #crypto #taxes
Make sure to check out our longer video on claming scams!
➡️Website:
➡️Blog:
➡️Follow Us!
Twitter:
Facebook:
Instagram:
TikTok:
Reddit:
LinkedIn:
The information contained in this video, as well as any linked articles, videos, or posts, is intended for general informational and educational purposes only. This information is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Viewers should not rely upon any information contained within for legal advice, and should seek legal advice before taking any action with respect to the matters discussed herein.
Commenting or interacting with this video does not create an attorney-client relationship. Messages or other forms of communication that you transmit to Gordon Law Group will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged or confidential.
This material may be considered an attorney advertisement.
source
