Rug pulled? Scammed in a pig butchering scheme?
You can write off your lost crypto — and yes, it’s totally legal.
📉 In this short, we break down:
What qualifies as a crypto theft for tax purposes
The difference between a Ponzi scam and a rug pull in IRS terms
How to deduct your net loss on Schedule A (even if the scammers vanish)
🛑 You can’t deduct fake profits, but you can get tax relief on what you actually lost. Here’s how to do it right and reduce your tax bill in 2025.
👇 Have you been rugged? Drop a comment — we might feature your story next.
🎯 Free IRS-proof crypto tax course 👉
https://www.youtube.com/playlist?list=PLlRL1XYAzH0lQlqJ4XIhHassQZHKGFVQK
💻 Need help with your crypto taxes or audit defense?
Visit: https://www.cryptotaxaudit.com
🔔 Subscribe for weekly tax alpha from the pros at CryptoTaxAudit.
⚠️ Disclaimer:
This video is for educational purposes only and is not tax, financial, or legal advice. Always consult a qualified advisor before making decisions.
#CryptoTaxTips #RugPull #StolenCrypto #TaxWriteOff #CryptoLoss #CryptoScams #IRS2025 #PigButcheringScam #CryptoTaxes #CryptoTaxAudit
source
