4 ms·
Well, for one, the thieves have to claim it as income. For two, I made no judgment, just stated facts.
by RC_ITR 4y ago
Well, for one, the thieves have to claim it as income.
For two, I made no judgment, just stated facts.
- TedDoesntTalk 4y agoIt’s not a loss if it was never realized; if he never converted coins to fiat at a loss from the purchase, there is no loss except on paper (and that is not tax deductible).
- deleted 4y ago[deleted]
- deleted 4y ago[deleted]
- RC_ITR 4y ago>It’s not a loss if it was never realized If I hold stock in a company that goes bankrupt, I can write-off those losses, even though they never get converted to fiat.
- amscanne 4y agoDoesn’t this support the opposite? Ever dollar I pay anyone for services must be claimed as income, yet none of those are capital losses for me. Conversely, none of my capital losses can be claimed as anyone’s income.
- RC_ITR 4y ago>I pay anyone for services What service exactly am I getting for being robbed? Conversely, in the correct metaphor, if I buy a fraudulently priced stock for $100 and sell for $0.01, I get to write off the $99.99. Seems kind of arbitrary that 'a buyer' is the difference between a write-off and not.