Topic: Can anyone point me in the right direction (Read 747 times)
If you want to be really cheeky, claim the further loss of it's increased value on Jan 1st every year
The same way you prove you dropped $1000 out of your pocket when you claim that as a loss on your taxes.
cant tell if trolling or serious...
He is completely serious.
There is a reason why bitcoins are deemed "anonymous" payments when sending and receiving bitcoins. If you lose it, without the private key, then it is forever lost
Did you hear of the guy who had his 7500 bitcoin wallet on a hard drive which then he threw away?
Yeah, he spent quite a while there at the landfill.
I think you can claim it, the guy about proving you dropped the money out of your pocket was serious, I think. You can claim it and pray you never need to prove it. If it's not too much you should be able to "fall through the cracks."
How? Its not a legit currency to the IRS eyes, maybe buying the items using bitcoin / with the snapcard??
So in that sense?
I think you can claim it, the guy about proving you dropped the money out of your pocket was serious, I think. You can claim it and pray you never need to prove it. If it's not too much you should be able to "fall through the cracks."
my wallet operating system was deleted and i made no backup so my bitcoin is lost.....Can i claim a tax loss?? i figured losses can only be claimed when you sell and realize a loss...how do i prove i dont control the coins....and even further how do i prove i lost my priv keys???.(why dont all US bitconers jus claim losses and when the day comes bitcoin hits the moon jus sell your coins then)
thank you
thank you
Are you trying to claim bitcoins from the exchange that you bought it from, and you didnt back up the balance.
Then trying to get the free bitcoin for that? I`m lost what your trying to say, but most bitcoin holders cant claim a loss just because they lose a key or etc since thats our part of knowing what we get into.
Now if your talking about a exchange scamming you for the balance they owe you, thats a different story.
my wallet operating system was deleted and i made no backup so my bitcoin is lost.....Can i claim a tax loss?? i figured losses can only be claimed when you sell and realize a loss...how do i prove i dont control the coins....and even further how do i prove i lost my priv keys???.(why dont all US bitconers jus claim losses and when the day comes bitcoin hits the moon jus sell your coins then)
thank you
Then you need to prove first that you actually own the amount of btc you lost maybe a receipt of the exchange you bought the btc from help, not sure though.... thank you
yea i sort of figured it would be impossible to claim to have lost priv keys/ control over coins
thanks
thanks
The same way you prove you dropped $1000 out of your pocket when you claim that as a loss on your taxes.
cant tell if trolling or serious...
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You have to be able to prove that you have really lost the money, and don't have a backup anywhere or something like that. And honestly, I think that's impossible.
The same way you prove you dropped $1000 out of your pocket when you claim that as a loss on your taxes.
cant tell if trolling or serious...
The same way you prove you dropped $1000 out of your pocket when you claim that as a loss on your taxes.
yes i can prove i purchased them from a US based exchange, however i sent the coins to my own private wallet from the exchange wallet..how do i prove i owned the address they were sent to and no longer can access it?? (my main question)..to realize a loss.
thank you
thank you
Then you'd have to prove you owned the bitcoins in the first place, wouldn't you?
my wallet operating system was deleted and i made no backup so my bitcoin is lost.....Can i claim a tax loss?? i figured losses can only be claimed when you sell and realize a loss...how do i prove i dont control the coins....and even further how do i prove i lost my priv keys???.(why dont all US bitconers jus claim losses and when the day comes bitcoin hits the moon jus sell your coins then)
thank you
thank you
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