Fallen Victim to a Pig Butchering Scam? Here’s the Tax Help You Need!

Lost big in a crypto scam? You're not alone, but there’s a silver lining! If someone involved in the scam has been indicted, you might qualify for the Ponzi scheme treatment on your taxes, allowing you to deduct your losses in the first year.

No indictment? You can still claim it as a capital loss. Either way, we’ve got you covered! 

📚 https://www.cryptotaxaudit.com/blog/keeping-safe-from-ai-powered-crypto-scams-in-2024

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Thank you for your support. Please Like, Share, and Subscribe! Disclaimer: All opinions expressed by the show's host and guests are their own. Do not construe them as tax, legal, or financial advice. In addition, they may not represent the policies or opinions of our sponsor, CryptoTaxAudit—research legal, tax, and financial guidance and advice as needed.