2min chapter

Bloomberg Crypto cover image

The IRS Wants to Tax Your Frozen Crypto

Bloomberg Crypto

CHAPTER

FTX - What Is the Carve Out For?

There's a criminal case against Sam Bankren Freed, SBF colloquially. There is a possibility that I've heard from people in the tax world where they're saying the Bernie made off scandal could be used as a roadmap or precedent to figure out how if he is convicted. That could potentially be a roadmap to claim a loss based on theft. So unfortunately, for this particular case for FTX investors, I really, it seems like it could be months. It could be years to see how they could potentially claim these losses.

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