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Day Trading Tax Treatment — crypto staking rewards taxable when received

Started by CryptoTrader_2023 · Oct 13, 2023 · 3,150 views · 14 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
CT
CryptoTrader_2023 OP

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

crypto staking rewards taxable when received. I've been dealing with this for about 16 weeks now and the situation isn't improving.

I have already done some research online but the other party is not cooperating.

Should I hire a lawyer for this or try to handle it myself?

TL
Mod_TermsLaw Moderator

I've handled similar cases. Here's my take on the legal issues.

The legal framework here involves both federal and state law. At the federal level, the relevant statute. Your state may provide additional protections.

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

NR
NurseUnion_Rep

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

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.

ES
eComm_Seller_2022

Not a lawyer, but I have direct experience with this.

What worked for me was having everything documented. It took 3-6 months but was worth it.

WD
worried_driver_2023

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

EA
EstatePlanner_AZ

I've dealt with this before.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

NH
need_help_contractor_today

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.

NL
NursePractitioner_LA

I went through almost the exact same thing.

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

DS
desperate_student_GA

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

WI
worried_investor_2025

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.

NL
NursePractitioner_LA

Not a lawyer, but I have direct experience with this.

I ended up escalating to a supervisor/manager, which cost about $1-3 but saved me a lot more in the long run.

ES
eComm_Seller_2022

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.

FD
frustrated_driver_IL

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

CD
confused_dev_2025

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.

HC
HRManager_Chicago

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.

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