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itravel(Initiate)Initiate
31 Oct 2024

If I invested in a ponzi scheme/Qoin or any other crypto investment and it turns out my assets are either fake or have 0 liquidity - is it a capital loss or something else?


Thanks

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298 views
1 replies

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AriATO(Community Support)Community Support
4 Nov 2024

Hi @itravel


If there's no capital asset there's no capital loss. We have info about your crypto and taxes that touches on scams.

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If I invested in Qoin & it turns out you can't liquidate anything, does it count as capital loss? | ATO Community