MultiversX Tracker is Live!

Recovered coins and the department of making you sad

Bitcoin Reddit

More / Bitcoin Reddit 84 Views

With all those coins getting sent back to MTGox creditors, a thought that Id never considered before crossed my mind. What are the tax implications of funds assumed lost forever ago, that were reported as lost funds for tax reasons at that time, but (even a small piece) manages to come back to users years later? Does it get reported as income? Do you file an amendment for something that long ago?

I'm in the USA, where taxes do everything but make sense, but still this seems like a potentially murky scenario no?

submitted by /u/SocietyTomorrow
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments