(This is not legal/tax advice, also I’m not familiar with U.S tax law)
In case of fraud (of course hope it’s not), It could be helpful for people who invested in FTX, to check if any tax deduction/relief could apply in his case (some brief info you can get here).
However, in some cases, there could be no way to compensate for losses because of a lack of capital gains.
I’m also curious whether there is any chance for EA orgs funded by FTX, to make any deduction or apply a relief for financial support withheld.
It’s just a tiny prompt for further exploration. I hope any U.S tax lawyer can explain it.
If I am misleading anyone, please let me know (I will then delete/adjust the comment).
My understanding is that FTX US was unaffected. It’s only investors from other jurisdictions potentially at risk. (I don’t know how the law works if a US citizen invests from a foreign jurisdiction.)
(This is not legal/tax advice, also I’m not familiar with U.S tax law)
In case of fraud (of course hope it’s not), It could be helpful for people who invested in FTX, to check if any tax deduction/relief could apply in his case (some brief info you can get here).
However, in some cases, there could be no way to compensate for losses because of a lack of capital gains.
I’m also curious whether there is any chance for EA orgs funded by FTX, to make any deduction or apply a relief for financial support withheld.
It’s just a tiny prompt for further exploration. I hope any U.S tax lawyer can explain it.
If I am misleading anyone, please let me know (I will then delete/adjust the comment).
My understanding is that FTX US was unaffected. It’s only investors from other jurisdictions potentially at risk. (I don’t know how the law works if a US citizen invests from a foreign jurisdiction.)