Insert ein in FTX

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Aug 6th, 2022
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How to insert ein in FTX

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so the story behind FTX is one of the craziest involved hereamp;#39;s what you need to know this all starts back with Alameda research who is also partly owned by Sam bankman freed ing to a source for the Wall Street Journal Alameda needed Capital earlier this year so FTX lent out a large sum of customer funds to them now the problem is that ftxamp;#39;s term of service stated they would never do anything like this and to add to that Alameda held a large amount of ftt which is a native of FTX and made the two firms way too interconnected so all of this began when ftxamp;#39;s balance sheet was published in a coindesk article and CZ of binance decided to sell a large amount of the ftt s after offering them a deal CZ and binance realized just how bad their finances really were so they backed out of their deal this left scam bankrupt fraud with no other choice but to file for bankruptcy

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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File import Go to the FTX Customer Claims Portal. Login to the Customer Claims Portal and navigate through the required steps. You will be able to see your account balance and transaction history reflected from account creation until November 11, 2022. Click on the option Download All Core Transactions.
FTX Tax Reporting Simply navigate to your FTX account and download your transaction history from the platform. Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!
To claim a capital loss, you will need to be able to provide the following evidence to show your ownership: the date you acquired the private key. the date you lost the private key. the digital wallet address for the private key. the cost to acquire the crypto assets in the digital wallet.
FTX.US issues Form 1099-MISC in the event that a customer earns more than $600 of ordinary income on the platform.
Generally, where you can recover an item it is not lost, which may delay the process until more details of the FTX events are determined. In the US if your crypto funds become totally worthless and irrecoverable, you may be eligible to write them off as a nonbusiness bad debt on your taxes.
Nearly all of FTXs former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchanges collapse if not more.
First, you will need to determine if your capital loss is a short-term loss or a long-term loss (use IRS Publication 544, Sales and Other Dispositions of Assets, to help you make this determination). Then use Form 8949 to calculate your capital gain or loss and report that gain or loss on Schedule D (Form 1040).
If you sell your crypto for a loss, the IRS allows you to offset losses against other income on your tax return. These so-called realized losses can be used to offset other taxable investment profits. When you hear the term realized, it usually means that an asset was sold.

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