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Crypto Tax Question — stock option exercise timing

Started by asking_for_friend_student_2025 · Jan 27, 2024 · 2,259 views · 8 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_student_2025 OP

Quick background on my situation — any input appreciated.

stock option exercise timing. I've been dealing with this for about 12 months now and the situation isn't improving.

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

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

AF
anon_freelancer_FL

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.

IG
InsuranceGuy_FL

Been there. Here's what I learned.

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

MA
MusicProducer_ATL

I've dealt with this before.

The biggest mistake people make in this situation is hiring an attorney to send the initial letter. I'd recommend being patient with the process instead.

JC
just_curious_driver_NC

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.

NH
need_help_renter_FL

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

TL
Mod_TermsLaw Moderator

Licensed attorney — a few thoughts. Here's my take on the legal issues.

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

The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.

AD
anon_driver_2022

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.

CA
CorpCounsel_Amy

I've dealt with this before.

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.

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