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December 27, 2024
Question

Blockfi Bankruptcy complete

  • December 27, 2024
  • 0 replies
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I've recently received the last of my BTC from blockfi Interest account settlement

(I'm going to round the numbers)

2020, I opened my  Blockfi interest account and bought 0.3 BTC with $10000 (all purchase/interest transaction saved)

When the bankruptcy began in Nov/2022, the court lock my 0.3 BTC @ current market value of ($5000)  

I've been paid back ($5000) in 0.08 BTC this year (2024). Unfortunately, its less BTC due to market being much higher. (Too bad for me)

 

I needs some help on how to record this mess on my 2024 taxes in turbotax.