Topic: Is word to word copy paste allowed ? (Read 475 times)
As long as the source link is added it won't be considered as plagiarism so moderators won't ban them. But generally those actions are done to earn some merits but they can't make it too far with such strategy so it can work only for a while. And you can report them if you feel it violates any other forum rule like zero value posts then it will be deleted and when someone is doing it constantly can get a temp ban.
Well, i can say that if a user is doing this stuff on a consistent basis, he/she should be given a temporary ban.
On what basis? Plagiarism? It's not plagiarism if the source is provided. It's only plagiarism if you take someone else's content and you present it as your own. Both conditions must be met. The user copy-pasted someone else's words, so he meets one condition of plagiarism. But by adding the link they copied from, the second condition wasn't met.However, this is low-effort posting and should be threated and deleted as such. I have no issues with people who copy a piece of trending news or data and develop an interesting discussion around it. But copy-pasting news articles or similar content all the time is just spam and low-effort actions.
Almost all his posts are like this, so why was he not reported? Why was I given the report? Since you have caught my post copy then why not catch his post copy? Does he look like your brother-in-law or did you see me if you didn't see him? If you could report us both. Why did you report me alone?
Unknown Op
Please check all his posts.
OP, you are in the same locale as this user, and now you know how you can and should deal with posts whose information is simply copied from the Internet, albeit with an additional link. Just send a report to the moderators. In addition to that, you can do as LoyceV advises; this post was not written in a language spoken by people in the Pakistani section.
In this case, you can report it for not being in the local language, which isn't allowed on local boards. I reported it just now.
And secondly, this user publishes posts in a thread "Wall Observer"; this thread does not get much attention from moderators, and probably, as an exception, everything is allowed there, even plagiarism
. Just read this thread.https://bitcointalksearch.org/topic/remove-report-to-moderator-from-wall-observer-5400267
I don't know why this is allowed. A few people post the exact texts and putting a source link makes them a legal post here which sounds too funny to me. If the OP of the post puts no effort at all and don't put some words from their own, I don't think it should be allowed. If I'm correct, there were few discussion on it but never got the attention from theymos or theynos never considered to review the rules.
The rules are back-dated. If I'm correct, it was allowed so that people can share news and continue the discussion while these days, people are abusing the rules most of the time.
Direct copying from an article to discuss a topic is not acceptable. Also, i realize that directly copying those words and providing the source link is also the same crime. Just note or analyzed: one steals and keeps the information secret and the other steals the information saying that he stoles from the mentioned links. One theft is concealed another is revealing where the theft is take place. In my sense both are equal crimes. If someone provides a source link i would certainly agree with you that at least one should apply their own knowledge. I think copying the same and validating it with a source link is absurd which should be prohibited. But if it has legal validity then some users will try to abuse it. The concerned member of this forum should take initiatives on this regard. The rules are back-dated. If I'm correct, it was allowed so that people can share news and continue the discussion while these days, people are abusing the rules most of the time.
I am talking about this post where the writer does not write anything himself. Just copy and paste a few paragraphs from the article and the link to the source, no effort done and creates a post that look like a quality post with zero effort.
Does not it come under plagiarism?
Post Link https://bitcointalksearch.org/topic/pakistan-232519
Does not it come under plagiarism?
Post Link https://bitcointalksearch.org/topic/pakistan-232519
The outcome of SBF's prosecution could determine how the IRS treats your FTX losses
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.
FTX founder Sam Bankman-Fried has received official criminal charges after the collapse of his cryptocurrency exchange, which is more than just a moral victory for the exchange’s roughly 1 million individual investors. While not locked in yet, things appear to be on track for these investors to take a more favorable tax position as SBF’s fate continues to unravel.
What kinds of losses can FTX investors claim on their taxes?
Earlier this fall, it appeared that assets lost in the FTX collapse would be considered a capital loss under the United States tax code for the tax year 2022. This capital loss can be used to offset capital gains. But in a year in which the crypto market took a beating as a whole, most investors will not have capital gains to offset in 2022.
A capital loss can also be used to offset “ordinary income,” such as money earned from a business or job — up to $3,000 per year. The loss is carried forward indefinitely, but if your loss in the FTX collapse was substantial, it could take quite a while to claim all of it.
Related: Biden is hiring 87,000 new IRS agents — and they’re coming for you.
SOURCE
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.
FTX founder Sam Bankman-Fried has received official criminal charges after the collapse of his cryptocurrency exchange, which is more than just a moral victory for the exchange’s roughly 1 million individual investors. While not locked in yet, things appear to be on track for these investors to take a more favorable tax position as SBF’s fate continues to unravel.
What kinds of losses can FTX investors claim on their taxes?
Earlier this fall, it appeared that assets lost in the FTX collapse would be considered a capital loss under the United States tax code for the tax year 2022. This capital loss can be used to offset capital gains. But in a year in which the crypto market took a beating as a whole, most investors will not have capital gains to offset in 2022.
A capital loss can also be used to offset “ordinary income,” such as money earned from a business or job — up to $3,000 per year. The loss is carried forward indefinitely, but if your loss in the FTX collapse was substantial, it could take quite a while to claim all of it.
Related: Biden is hiring 87,000 new IRS agents — and they’re coming for you.
SOURCE
Almost all his posts are like this, so why was he not reported? Why was I given the report? Since you have caught my post copy then why not catch his post copy? Does he look like your brother-in-law or did you see me if you didn't see him? If you could report us both. Why did you report me alone?
Unknown Op
Please check all his posts.
I think it may be permissible if the source is placed in the topic, but in my opinion copying and pasting the news without any useful additions or comments should not be allowed even if it was in this way.
Using quotations to confirm an idea or news is good and sometimes necessary and helps to make the topic constructive and more reliable, but it must be used in the context of the discussion and the use of quotation marks and the link to the source.
Members must make every effort to present the information in an easy, understandable and debatable manner. As for mere copying and pasting, it is just stealing news without making any effort.
Using quotations to confirm an idea or news is good and sometimes necessary and helps to make the topic constructive and more reliable, but it must be used in the context of the discussion and the use of quotation marks and the link to the source.
Members must make every effort to present the information in an easy, understandable and debatable manner. As for mere copying and pasting, it is just stealing news without making any effort.
It ain't an easy thing to get on with; when you see alot of peeps come in here to give some valid contributions in a discussion, you think it's done as simple as making a piece of cake? (A piece of cake isn't simple to make so, YEAH?? That got you)... That's the main reason why someone -- out of curiosity and negligence of what to post -- would just go ahead and surf the web, just to end up copying exactly the same information, but with a source link. That ofcourse is done with the simple excuse that it doesn't go against the forum plagiarism rules -- whoever is into this usually keeps a low profile. Basically, I don't think it's worth the stress as the forum is kept cool and simple -- give in what you've got and that's fine. Some would go as far as plagiarising with interchanged words .....hehe
Sandra 🧑🦰
Sandra 🧑🦰
~snip~
The fact is that a good and quality discussion can be created even on the basis of a zero-effort post.
~snip~
Mods should make it a call to duty to always delete OPs with zero contributions to articles that only just quote and put source links.
Mods should make it a call to duty to always delete OPs with zero contributions to articles that only just quote and put source links.
This mostly happens if the topic is reported on time, or in other words if the discussion has not yet developed - but the problem is that many forum members, even older ones with a good reputation, choose the wrong option instead of reporting such a post. This is where we come to the fact that many people think that reporting is a "waste of time", and every post in a signature campaign is a potential profit, no matter where it is.
I think that would change if such topics were always deleted, regardless of whether they contain one, two or 20 posts. The fact is that a good and quality discussion can be created even on the basis of a zero-effort post.
I don't know why this is allowed. A few people post the exact texts and putting a source link makes them a legal post here which sounds too funny to me. If the OP of the post puts no effort at all and don't put some words from their own, I don't think it should be allowed.
The zero effort in texts like that makes it very boring to read. Personally, I always skip them once I sight posts like that. It's the same thing I do when I find wall of posts in quotes. I like to think that those who do such are either ignorant of how annoying their posts are or simply don't know how to write well. Mods should make it a call to duty to always delete OPs with zero contributions to articles that only just quote and put source links. 
Technically, it's not plagiarism, but it still violates the forum rules because it is a zero or low-quality post. I would report any such posts I see to the moderators if they do not add anything to current discussions. There are cases when such posts can be useful, especially if they answer a specific question and the poster is not a native speaker. But such cases are rare, so each case should be considered individually.
I actually appreciate some of the concise answers to the original poster that link to a source instead of trying to explain it themselves. So, I'm not too bothered about that personally. I do prefer discussion based, but as you say it can be useful, but depends on the case. As for threads; I'll mostly remove these type of posts. The only time I don't if it's of a particular importance, and I don't get the feeling they're trying to push their own website. However, this is indeed quite rare.
Actually I don't really know about this but when doing a whole copy paste without any real conclusion from the OP citing whether this is allowed.
Indeed, in this case such actions are not included in copy paste and plagiarism, but do they really not have their own assumptions from what they sent with the source, this is the same as moving the news from the source as a whole but in text form.
it would be better if you did copy paste accompanied by your own assumptions as is always done @Hydrogen with the example thread https://bitcointalk.org/index.php? topic=5429577.msg61454946#msg61454946
I prefer something like this because apart from giving actual news, he also gives assumptions about his views on the article.
Indeed, in this case such actions are not included in copy paste and plagiarism, but do they really not have their own assumptions from what they sent with the source, this is the same as moving the news from the source as a whole but in text form.
it would be better if you did copy paste accompanied by your own assumptions as is always done @Hydrogen with the example thread https://bitcointalk.org/index.php? topic=5429577.msg61454946#msg61454946
I prefer something like this because apart from giving actual news, he also gives assumptions about his views on the article.
This becomes even more important if anyone is in the signature campaign and he/she just copy-pastes the news with a source (to get paid without any of his own efforts). Yes, it will not come under plagiarism as the source has been given but we as a community should do our responsibility.
1-The campaign manager should keep an eye on such posts and should not count towards the weekly quota.
2-We should report these posts if it is done in excess.
Actually I don't really know about this but when doing a whole copy paste without any real conclusion from the OP citing whether this is allowed.
Indeed, in this case such actions are not included in copy paste and plagiarism, but do they really not have their own assumptions from what they sent with the source, this is the same as moving the news from the source as a whole but in text form.
it would be better if you did copy paste accompanied by your own assumptions as is always done @Hydrogen with the example thread https://bitcointalk.org/index.php? topic=5429577.msg61454946#msg61454946
I prefer something like this because apart from giving actual news, he also gives assumptions about his views on the article.
Indeed, in this case such actions are not included in copy paste and plagiarism, but do they really not have their own assumptions from what they sent with the source, this is the same as moving the news from the source as a whole but in text form.
it would be better if you did copy paste accompanied by your own assumptions as is always done @Hydrogen with the example thread https://bitcointalk.org/index.php? topic=5429577.msg61454946#msg61454946
I prefer something like this because apart from giving actual news, he also gives assumptions about his views on the article.
Technically, it's not plagiarism, but it still violates the forum rules because it is a zero or low-quality post. I would report any such posts I see to the moderators if they do not add anything to current discussions. There are cases when such posts can be useful, especially if they answer a specific question and the poster is not a native speaker. But such cases are rare, so each case should be considered individually.
I am talking about this post where the writer does not write anything himself. Just copy and paste a few paragraphs from the article and the link to the source, no effort done and creates a post that look like a quality post with zero effort.
If nothing was added to original text, and if that members is repeating this activity all the time, than I would make report for moderators and label it as low quality post.Even if technically this is not really plagiarism, it is falling into same category and it's not adding any value to forum or conversation.
For such posts that are 100% using source words, text should be quoted, and maybe they should be posted in News section.
I checked TOXIC-ZY's post history, and almost anything he posts is either text or an image copied from somewhere else. Those are basically link dumps. My guess is he hoping to earn Merit from it, which has worked a few times. I've added him to my Ignore list.
Exactly those are the main attentions in form of merits they want to get by just paraphrasing someone else text in their post without even writing something of their own but taking advantage of loophole and providing source link.It has worked for him but can't understand why members share merits to such post which is simply indicating to something without making any of his contributions? So I am also putting him on the ignore list.
No, it doesn't count as plagiarism because the OP provides the source link of the original content. But in that case, I don't know what they are talking about in that local board, and clearly op or others post there to add post count for the signature campaign. It looks like they are doing Netflix and chill.
As said by all the members here, posters that copy and paste without providing any source will certainly enter into plagiarism, because they do not include any links about the origins of the writing and unilaterally feel they own those words.
how difficult is it to provide the source of the original writing, or if you want a more original one that summarizes various articles so that it will be better.
I also provide quotes along with source links to some of the article words that I entered.
If you find a member who only copies and pastes each post, even if he includes a source, he is only a "Copy Paster" and without any skills, just copying and pasting.
how difficult is it to provide the source of the original writing, or if you want a more original one that summarizes various articles so that it will be better.
I also provide quotes along with source links to some of the article words that I entered.
If you find a member who only copies and pastes each post, even if he includes a source, he is only a "Copy Paster" and without any skills, just copying and pasting.
Copy word by word and paste is allowed IF that poster leaves a source link.
It is not allowed if no source link from what he copied that content. Let's check out the (un)official rules of forum about it, aka plagiarism.
To summarize, when you copy any content, source link is mandatory if you don't want your account gets a permanent ban. A second chance after a permanent ban by plagiarism is very rarely given by admins and global moderators.
It is not allowed if no source link from what he copied that content. Let's check out the (un)official rules of forum about it, aka plagiarism.
- Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ. Read rule #33
- [TIPS] to avoid plagiarism
- [GUIDE] Plagiarism and how to avoid it.
- Signature Campaign Guidelines (read this before starting or joining a campaign)
To summarize, when you copy any content, source link is mandatory if you don't want your account gets a permanent ban. A second chance after a permanent ban by plagiarism is very rarely given by admins and global moderators.
It's not a plagiarism as long as the author is acknowledged. But in my opinion, it should not be tolerated to some extent if the poster doesn't not make efforts to add anything to what they shared. If overlooked, people will starting bringing every shit they see anywhere to this forum in order to meet up with some criterion. By adding your words it means you actually understand the content you shared and you want to hear the opinion of others on that particular subject.
I often report such posts as "low-quality posts."
In this case, you can report it for not being in the local language, which isn't allowed on local boards. I reported it just now.I checked TOXIC-ZY's post history, and almost anything he posts is either text or an image copied from somewhere else. Those are basically link dumps. My guess is he hoping to earn Merit from it, which has worked a few times. I've added him to my Ignore list.
I also like LoyceV fifth option
That would already be more effort than TOXIC-ZY put in so far.Adding a source link is a bit of a loophole on Bitcointalk: for long posts it's not even obvious when the link is at the bottom, but it doesn't get you banned. It's not plagiarism, but it can still be a copyright violation.
It should be obvious that you’re not trying to pass the copied text as your own original thought. The way users cite the source to their post, some insert the links in a dubious manner, you can tell they want readers to think they are the original authors by the way they hide the source link in the wall of text. Ratimov came up with some good examples of what should or should not be regarded as plagiarism and from the response of other community members it was clear where the line for plagiarism is drawn. Should the link to the source be visible or should it be present?
I also like LoyceV fifth option because it is more obvious that the OP isn’t passing the work as his.
I also like LoyceV fifth option because it is more obvious that the OP isn’t passing the work as his.
Quote
Salvadoran President Nayib Bukele made yet another bullish Bitcoin (BTC) prediction soon after the International Monetary Fund had urged his government to remove Bitcoin’s status as legal tender.
Bukele took to Twitter on Monday to predict that Bitcoin will ultimately see a “gigantic price increase” due to its limited supply of only 21 million digital coins.
The president cited Bitcoin’s scarcity case, emphasizing there are “more than 50 million millionaires” in the world, and there is not enough Bitcoin if each one of them wanted to own at least 1 BTC.
Bukele took to Twitter on Monday to predict that Bitcoin will ultimately see a “gigantic price increase” due to its limited supply of only 21 million digital coins.
The president cited Bitcoin’s scarcity case, emphasizing there are “more than 50 million millionaires” in the world, and there is not enough Bitcoin if each one of them wanted to own at least 1 BTC.
I don't know why this is allowed. A few people post the exact texts and putting a source link makes them a legal post here which sounds too funny to me.
It can be considered as a hole in the system. simply a way to raise the post quota, not by writing nonsense, but in accordance with the rules of the forum, by placing a source link.
I would like to hear the opinion of the moderators, and how they treat such posts if they are reported. they are definitely unnecessary spam.
Posts like this are share spamming. To my understanding you are to quote something like that and add your own idea or opinion to it. You can't simply bring up someones enter statement as a comment and go on to add source link.
The clear example of how properly this thing is done is like the post below by Hydrogen. There you have some article quoted and your own opinion.
https://bitcointalksearch.org/topic/forget-a-return-to-office-were-living-in-the-age-of-side-hustles-5428782.
The clear example of how properly this thing is done is like the post below by Hydrogen. There you have some article quoted and your own opinion.
https://bitcointalksearch.org/topic/forget-a-return-to-office-were-living-in-the-age-of-side-hustles-5428782.
I often report such posts as "low-quality posts."
I would add to the report that this is also a zero-effort post, although in the end it all boils down to the same thing, and I agree that such posts/topics should be reported as soon as possible because the moderators usually delete them, unless there are too many responses, which usually means that they will choose to lock the thread.
Furthermore, what still needs to be checked is whether it is about someone who is simply following the line of least resistance and in that way trying to catch a few merits, or whether it is about someone who is paid to post links - and given that we know that in the past many have been paid to shill links from various crypto sites, it adds another new dimension to the reports.
I can agree with this.
It's important to always check the motivation of the author of the post and the reason for publishing.
Usually, due to the signature of campaigns and the requirement for a certain number of posts, campaign members write a large number of posts in a short time and then it is often easiest for them to copy entire articles from the Internet and add the source of the information, which is not a good practice and should be discouraged.
The right way is to read the article, write a summary in your own words and post a link from the original article.
Any such post that literally copies the entire text from the Internet, without any desire or effort by the OP to add his contribution, should be reported as a low-quality post and deleted.
The main intent of plagiarism is to impersonate the original author, so that the written text appears as if it belongs to the person and not to the original owner. Hence, a clear reference to the original owner is sufficient to deny its plagiarism.
Are these posts worth paying for? Definitely not, because it does not contain effort and may be deleted because it is has a zero or low value, pointless or uninteresting postsRule NO1(however, this varies from case to case, as sometimes this quote is very useful.)
Are these posts worth paying for? Definitely not, because it does not contain effort and may be deleted because it is has a zero or low value, pointless or uninteresting postsRule NO1(however, this varies from case to case, as sometimes this quote is very useful.)
I often report such posts as "low-quality posts."
I would add to the report that this is also a zero-effort post, although in the end it all boils down to the same thing, and I agree that such posts/topics should be reported as soon as possible because the moderators usually delete them, unless there are too many responses, which usually means that they will choose to lock the thread.
Furthermore, what still needs to be checked is whether it is about someone who is simply following the line of least resistance and in that way trying to catch a few merits, or whether it is about someone who is paid to post links - and given that we know that in the past many have been paid to shill links from various crypto sites, it adds another new dimension to the reports.
It is not a plagiarism post since the author source is provided but that post is blank post (shitpost) and also all depends on the on the kind of information you are giving to the people in the forum. Even though the information is vital, you still have to at least say small things for people to know what you trying to inform the public. If anyone is planning to do that please restrain from it. That can reduce your reputation. Because that shows that you don't have anything in your head.
I often report such posts as "low-quality posts." We all need to understand, and I often write about this, that just looking for articles on the Internet is not a big problem. Because the Internet is available to everyone, and we are free to surf it, transferring information to the forum, which is sometimes incorrect, is not worth it.
If no one responds to such copy-pastes, moderators will simply delete them. I see it from experience. If there are no answers, the report is good.
To stop this behavior of those who come here copying, simply ignore or report these posts.
If no one responds to such copy-pastes, moderators will simply delete them. I see it from experience. If there are no answers, the report is good.
To stop this behavior of those who come here copying, simply ignore or report these posts.
I am talking about this post where the writer does not write anything himself. Just copy and paste a few paragraphs from the article and the link to the source, no effort done and creates a post that look like a quality post with zero effort.
Does not it come under plagiarism?
Post Link https://bitcointalksearch.org/topic/pakistan-232519
Does not it come under plagiarism?
Post Link https://bitcointalksearch.org/topic/pakistan-232519
Plagiarism is defined as the act of copying someone else's work and ideas without fully acknowledging the person. In this case, the user provided the source of the news, so it cannot be considered plagiarized because the owner was cited.
In other cases, even if you cite the original author, copying his words and pasting them into yours is considered plagiarism. This is mostly applicable to the educational sector. This is a forum where we're all here to learn and be enlightened; we don't need that strict rule that applies to educational institutions here.
I don't know why this is allowed. A few people post the exact texts and putting a source link makes them a legal post here which sounds too funny to me. If the OP of the post puts no effort at all and don't put some words from their own, I don't think it should be allowed. If I'm correct, there were few discussion on it but never got the attention from theymos or theynos never considered to review the rules.
The rules are back-dated. If I'm correct, it was allowed so that people can share news and continue the discussion while these days, people are abusing the rules most of the time.
The rules are back-dated. If I'm correct, it was allowed so that people can share news and continue the discussion while these days, people are abusing the rules most of the time.
Well, i can say that if a user is doing this stuff on a consistent basis, he/she should be given a temporary ban. Yes, once in a while one can copy paste news but doing it regularly makes it look suspicious and not recommended.
Also, in addition to giving a source and if you want to emphasize on a text in an article, how to do that? Many people are not aware and hence they just copy and paste the text.
The solution to this is to put it in quotes, which will make it 100% legit and no one will have any objection to it.
Example:
Quote
This is important news i want to share and it is copied from a source
legendary
Activity: 2268
Merit: 2327
Marketing Campaign Manager |Telegram ID- @LT_Mouse
I don't know why this is allowed. A few people post the exact texts and putting a source link makes them a legal post here which sounds too funny to me. If the OP of the post puts no effort at all and don't put some words from their own, I don't think it should be allowed. If I'm correct, there were few discussion on it but never got the attention from theymos or theynos never considered to review the rules.
The rules are back-dated. If I'm correct, it was allowed so that people can share news and continue the discussion while these days, people are abusing the rules most of the time.
The rules are back-dated. If I'm correct, it was allowed so that people can share news and continue the discussion while these days, people are abusing the rules most of the time.
Yeah, as long the source is provided then its not considered as plagiarism. Look the reported copy-pasted post in this thread[1], you will find how plagiarised posts looks.
Although, those who usually do something like that are those considered spammers by many who only care post counts.
[1] https://bitcointalk.org/index.php?topic=1926895.2780
Although, those who usually do something like that are those considered spammers by many who only care post counts.
[1] https://bitcointalk.org/index.php?topic=1926895.2780
I am talking about this post where the writer does not write anything himself. Just copy and paste a few paragraphs from the article and the link to the source, no effort done and creates a post that look like a quality post with zero effort.
Does not it come under plagiarism?
Post Link https://bitcointalksearch.org/topic/pakistan-232519
Does not it come under plagiarism?
Post Link https://bitcointalksearch.org/topic/pakistan-232519
The outcome of SBF's prosecution could determine how the IRS treats your FTX losses
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.
FTX founder Sam Bankman-Fried has received official criminal charges after the collapse of his cryptocurrency exchange, which is more than just a moral victory for the exchange’s roughly 1 million individual investors. While not locked in yet, things appear to be on track for these investors to take a more favorable tax position as SBF’s fate continues to unravel.
What kinds of losses can FTX investors claim on their taxes?
Earlier this fall, it appeared that assets lost in the FTX collapse would be considered a capital loss under the United States tax code for the tax year 2022. This capital loss can be used to offset capital gains. But in a year in which the crypto market took a beating as a whole, most investors will not have capital gains to offset in 2022.
A capital loss can also be used to offset “ordinary income,” such as money earned from a business or job — up to $3,000 per year. The loss is carried forward indefinitely, but if your loss in the FTX collapse was substantial, it could take quite a while to claim all of it.
Related: Biden is hiring 87,000 new IRS agents — and they’re coming for you.
SOURCE
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.
FTX founder Sam Bankman-Fried has received official criminal charges after the collapse of his cryptocurrency exchange, which is more than just a moral victory for the exchange’s roughly 1 million individual investors. While not locked in yet, things appear to be on track for these investors to take a more favorable tax position as SBF’s fate continues to unravel.
What kinds of losses can FTX investors claim on their taxes?
Earlier this fall, it appeared that assets lost in the FTX collapse would be considered a capital loss under the United States tax code for the tax year 2022. This capital loss can be used to offset capital gains. But in a year in which the crypto market took a beating as a whole, most investors will not have capital gains to offset in 2022.
A capital loss can also be used to offset “ordinary income,” such as money earned from a business or job — up to $3,000 per year. The loss is carried forward indefinitely, but if your loss in the FTX collapse was substantial, it could take quite a while to claim all of it.
Related: Biden is hiring 87,000 new IRS agents — and they’re coming for you.
SOURCE
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