The IRS Wants to Tax Your Frozen Crypto

Listen to Bloomberg Crypto on the iHeartRadio App , Apple Podcasts or Spotify . Voyager. Celsius. Genesis. And of course, FTX. All major crypto companies that went bankrupt last year. All names we’ve talked a lot about on this podcast. But even if you’ve heard of these companies, did you know there’s a tax season quirk for US investors who had digital tokens tied up in accounts on these platforms? These investors have lost access to these funds while bankruptcy cases wind through the court system, and in some cases they’re going to have pay taxes on those assets. Bloomberg’s Claire Ballentine , and Bloomberg Tax reporter Lauren Vella join this episode to help crypto investors who are dreading US tax season. We also connect with a crypto investor who owes tax on his losses.

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The IRS Wants to Tax Your Frozen Crypto is an episode from Bloomberg Crypto by iHeartPodcasts and Bloomberg.

This episode is 17:15 long.

This episode was published on Mar 8, 2023.

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