Do you have to pay tax on stolen crypto?
Excuse me, I have a question about cryptocurrency taxes. Let's say hypothetically, someone were to obtain cryptocurrencies through illegal means, like stealing them. Would that person still be obligated to pay taxes on those cryptocurrencies? I'm just curious because I've heard conflicting information on this matter. Some say that since the crypto was obtained illegally, it's not taxable. Others say that regardless of the source, all cryptocurrencies are taxable. Can you please clarify this for me?
Can I write off stolen crypto?
Please refer to relevant websites for more information, and feel free to ask me any other questions.