Are cryptocurrency ransom payments tax deductible?

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Are cryptocurrency ransom payments tax deductible?


Any ransom payments made in cryptocurrency are taxed as property rather than currency, so be aware of the U.S. tax implications.

Posted by Cointelegraph By Selva Ozelli on July 4, 2021 @ https://cointelegraph.com/news/are-cryptocurrency-ransom-payments-tax-deductible

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