Tax Loss For Hacks | Feature requests (public)

Tax Loss For Hacks

complete

Characteristic Krill

I had my atomic wallet hacked and drained of all my ADA (Cardano). It would be great if I can mark it as a hack, stolen, or something for tax purposes. Maybe something more than just "lost" bc in reality, it was stolen

July 24, 2024

Jack

marked this post as

complete

We don't have a special tag for "Stolen" crypto, but how you adjust/tag such transactions depend on the tax treatment you decide on.

For more information, see: How to write off lost, stolen or worthless assets | Koinly Help Center

Merlot Koala

There is no tax events for it. You didn't spend it.

Front Marmoset

Unfortunately you can't deduct lost or stolen funds/crypto. I also was a victim of the Atomic Wallet hack (lost thousands in XRP).