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Day Trading Tax Treatment — DeFi yield farming tax treatment

Started by confused_driver_today · Jul 14, 2023 · 3,674 views · 18 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
CD
confused_driver_today OP

I'm in a difficult situation and trying to figure out my next steps.

DeFi yield farming tax treatment. I've been dealing with this for about 9 weeks now and the situation isn't improving.

I have already tried to resolve this directly but the other party is not cooperating.

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

DS
DevOps_Seattle

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

I ended up filing with the appropriate government agency, which cost about $4-8 but saved me a lot more in the long run.

TL
Mod_TermsLaw Moderator

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

The key question is whether the applicable statute of limitations has run. Depending on your jurisdiction, you typically have the relevant statute years for this type of claim.

One important thing — there are strict deadlines for filing these claims. Don't wait too long.

CS
confused_seller_2023

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.

DD
desperate_dev_FL

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

PJ
Paralegal_Jen

Been there. Here's what I learned.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

AS
anon_seller_IL

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

VA
VCAnalyst_SF

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

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

MA
MusicProducer_ATL

I went through almost the exact same thing.

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

FE
frustrated_employee_NY

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

DC
desperate_contractor_advice

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.

LT
LandlordTom_TX

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

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

HC
HRManager_Chicago

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

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

FT
first_time_renter_2026

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

FT
frustrated_trader_IL

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.

JC
just_curious_renter_TX

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

NR
NurseUnion_Rep

I went through almost the exact same thing.

The biggest mistake people make in this situation is having everything documented. I'd recommend keeping a detailed timeline instead.

PB
PatentAgent_Boston

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.

HM
help_me_student_WA

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.

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