Celsius rewards?

Tax Questions
#1

Greetings,I was among the unfortunate individuals who fell victim to the theft of Bitcoin and Ethereum during the Celsius incident.

Initially, I had 79 ETH and 1 BTC stored with Celsius, but following the incident, I only recovered 0.8 BTC and 12 ETH, which were transferred to my Coinbase account.

I have familiarized myself with the process of transferring the cost basis to the reduced quantities of tokens I received through online forums.However, I am now pondering what steps to take regarding the rewards/interest that were initially earned on my Bitcoin and Ethereum in the Celsius account.

Upon reviewing my Koinly transactions, I noticed several pages of small amounts received as Reward/Interest, which, in essence, were not realized due to not being received and were retained by Celsius.

Thank you in advance for any assistance provided; it is greatly appreciated.

#3

Hi, I have and their reply was to seek help from accountant? May I ask what you did?

Can anyone please advise on what they are doing with similar situation?

#5

Hey @M_Ali

Thanks for reaching out. :wave:t2:

It is, unfortunately, a question that only an accountant or your tax authority can answer. I’ll leave the thread open though as others may be able to share their thoughts. :+1:t2:

#6

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