Reddit Posts
The Coldcard Hack: What Happened, What Actions to Take as a Coldcard Holder, and How U.S. Taxpayers May Claim Their Losses
PSA: the Coldcard exploit is likely tax deductible
Mentions
Theft losses that qualify under IRC165(c)(2) are itemized deductions, not capital losses. Meaning the full amount can be deducted against income
It was harder to buy bitcoin back in 2009 than you think. No one wanted to sell it, and if you wanted to buy it, you’d probably have to pay a crazy amount, like $400 for 1500 BTC on eBay. I tried to buy 2500 BTC for $25 in the IRC channel back in 2009 and they kicked me out. Ever since then, I guess I’ve had a grudge against Bitcoin and have only spent it on drugs so far. I’m gonna finally start regularly buying it. But the days of a Lambo and mansion are pretty much over