Скачать или смотреть Crypto Scam Losses and Taxes Do You Qualify for a Theft Loss Deduction

Not every crypto scam qualifies for a tax deduction. The difference often comes down to intent and documentation.

In this video, tax attorney Sammy Kim explains how the IRS evaluates theft loss deductions for crypto scam victims. If your funds were invested with a genuine intent to earn profit, you may qualify under IRS rules. If the loss stemmed from a purely personal or romantic relationship, the IRS usually treats it differently.

Sammy breaks down what the IRS looks for, including proof of profit motive, transaction records, fake trading platforms, and the year the theft was discovered. She also explains why timing and documentation are critical when claiming a loss.

If you are unsure whether your crypto scam qualifies for tax relief, a careful review can help you avoid mistakes and protect your rights.

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