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1099 Tax Issue — missing 1099 from defunct exchange

Started by asking_for_friend_creator_2026 · May 5, 2022 · 4,248 views · 4 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AF
asking_for_friend_creator_2026 OP

I'm dealing with a situation and need some guidance.

missing 1099 from defunct exchange. I've been dealing with this for about 7 months now and the situation isn't improving.

I have already tried to resolve this directly but got conflicting advice.

Has anyone been through something similar? What worked for you?

TL
Mod_TermsLaw Moderator

I practice in this area. Here's my take on the legal issues.

This is a common situation and the law is fairly clear. Under the relevant statute, actionable.

You should consult with a local attorney who handles these cases. Many offer free initial consultations.

LT
LandlordTom_TX

I've dealt with this before.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

SM
SeniorDevMike_PDX

I've seen this play out several times in my field.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

PJ
Paralegal_Jen

I've seen this play out several times in my field.

The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

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