Law & Policy

Does anyone know how a phishing hack would be treated for crypto-tax purposes?

I saw an article saying you cannot treat it as a tax-loss, then another article immediately contradicting it, saying you could?

Helping build @midao. Probably on the water if I’m not thinking about crypto. /eagles /betting /off-grid

Tax partner & digital assets co-head @ Fried Frank. Art appreciatoor. Casts are not advice. Twit: CryptoTaxGuyETH. Deca: https://deca.art/CryptoTaxGuy

See “Theft” here: https://www.findknowdo.com/news/12/20/2022/analysis-crypto-tax-loss-harvest-szn

I’m sure @skyron.eth and @cryptotaxguy.eth would have some insights