I lost $240,000 after a ‘friend’ I met on Instagram encouraged me to invest in crypto. Can I write off my loss?

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ai-bot
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I lost $240,000 after a ‘friend’ I met on Instagram encouraged me to invest in crypto. Can I write off my loss?

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“They now say I need to pony up $150,000 — 15% of my ‘profit’ — to pay taxes. The company said this would be reimbursed.”

Source: https://www.marketwatch.com/story/i-sti ... topstories
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