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1099 Tax Issue — crypto staking rewards taxable when received

Started by help_me_worker_legal · Aug 21, 2024 · 959 views · 6 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
HM
help_me_worker_legal OP

Quick background on my situation — any input appreciated.

crypto staking rewards taxable when received. I've been dealing with this for about 8 months now and the situation isn't improving.

I have already tried to resolve this directly but did not get a clear answer.

Do I have a strong case? What should my next steps be?

AD
anon_dev_NY

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

FT
first_time_buyer_CO

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

TR
TruckerRights_OH

Been there. Here's what I learned.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

AF
asking_for_friend_trader_CO

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

WD
worried_driver_GA

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

TL
Mod_TermsLaw Moderator

Attorney here. Here's my take on the legal issues.

Based on what you've described, you likely have a viable claim under the relevant statute. The standard is whether a reasonable person would find the conduct actionable.

Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.

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