Saturday, 27 April 2019

My bitcoin was stolen - how do I file a casualty loss under Schedule A on a 1040 tax form?

Hey, guys. I know, I know. Save the heartache. My bitcoin was stolen and probably for good. It was around $8200. I've reported the incident to the local police, FBI, and FTC. But, after doing some research I found that you can claim it as a casualty loss under Schedule A on a 1040 tax form. I've never claimed stolen bitcoin as a theft/casualty loss on my taxes. I never thought I would have to. Does ANYONE have ANY experience with something like this?

Please, help. I'm sure that your advice will help someone else in this unfortunate circumstance.

submitted by /u/vcWHO
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from Bitcoin - The Currency of the Internet http://bit.ly/2W99gnt

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