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psa: deFi yield farming tax treatment

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.

Illustrative scenario prepared by my practice.

For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.

Hypothetical question

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

DeFi yield farming tax treatment. I've been dealing with this for about 3 months now and the situation isn't improving.

Am I overthinking this or is this a real legal issue worth pursuing?

Illustrative response

NAL, but from what I've read, you should check your state's specific laws. Every situation is different so YMMV.

Illustrative response

If you lost funds in a rug pull, document everything: transaction hashes, wallet addresses, screenshots of promises made by the team, Discord/Telegram messages. The FBI's IC3 takes crypto fraud reports.

psa: deFi yield farming tax treatment

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