Hello, I lost a considerable amount of my USD on FTX as I could not withdraw it in time.
Should I add my withdrawal transactions in my FTX wallet on Koinly and mark them as “Lost” ?
If there is a better and right way to handle this for tax purposes, please let me know. Thanks.
Hey @gupta.anuj04
Yes this would be the best way to represent the loss in Koinly, by creating manual withdrawals and tagging them as lost.
Note, the loss is not realized this way, and instead you must speak with your accountant on how to off-set these losses.
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