My dad was just scammed on bitcoin mining scam just recently this month (Jan 2025); he lost all his bitcoin.
Does he still need to pay tax on bitcoin gained during 2024? Does this need to be reported on tax form? If so, how?
Thank you all for your help during this time!!
Hi @csw1001
Since tax obligations depend on specific regulations and personal circumstances, I recommend speaking with a qualified accountant or tax professional. They can provide the best guidance on how to report the loss and whether any tax obligations from 2024 still apply.
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