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Stealing an asset and keeping it is considered “income” in that tax year, I believe. You would only be correct if he stole Bitcoin when it was worth 0, but it w
by xyzzy4747 4y ago
Stealing an asset and keeping it is considered “income” in that tax year, I believe. You would only be correct if he stole Bitcoin when it was worth 0, but it wasn’t.
- jeremyjh 4y agoThat's true, he'd owe taxes on the $500k it was worth at the time.