Disclaimer: This post is for informational purposes only and should not be construed as tax or investment advice. Please speak to your own tax expert, CPA or tax attorney on how you should treat taxation of digital currencies, especially when it comes to claiming lost or stolen coins.
To get started reporting your lost and stolen coins from events such as exchange hacks, stolen wallets, or ICO scams, first download a copy of the Universal Manual Import template.
Crypto losses can be entered into that template as either Casualty Losses, Theft Losses, or Investment Losses. Follow the instructions in our universal template guide to fill out the sheet in its entirety and import into CoinLedger.
NOTE: For a full explanation of which type you should enter, please see our blog post on reporting crypto theft and casualties. Note that there’s no one-size fits all answer to this question, and you may or may not be able to write off your crypto losses depending on the specifics of your situation. We highly recommend diving into the blog post above and consulting a tax professional before making a final decision.