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1099 Tax Issue — NFT sale tax implications

Started by eComm_Seller_2022 · Jan 22, 2025 · 956 views · 5 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
ES
eComm_Seller_2022 OP

Quick background on my situation — any input appreciated.

NFT sale tax implications. I've been dealing with this for about 3 months now and the situation isn't improving.

I have already done some research online but got conflicting advice.

What are my legal options here? Is it worth pursuing?

PJ
Paralegal_Jen

I've dealt with this before.

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

TL
Mod_TermsLaw Moderator

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

There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.

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

CM
ContractorMike_CA

Been there. Here's what I learned.

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

HM
help_me_business_owner_GA

NAL, but from what I've read, you should file a complaint. That said, definitely get a lawyer to look at the specifics.

SA
seeking_advice_parent_CA

Have you tried reaching out to your state's attorney general? They sometimes have free resources or mediation services.

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