Members-only forum — Email to join

Day Trading Tax Treatment — missing 1099 from defunct exchange

Started by anon_driver_question · Nov 6, 2025 · 1,440 views · 15 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AD
anon_driver_question OP

Has anyone dealt with something like this? I'm not sure what my options are.

missing 1099 from defunct exchange. I've been dealing with this for about 2 months now and the situation isn't improving.

I have already done some research online but did not get a clear answer.

Has anyone been through something similar? What worked for you?

FT
first_time_investor_FL

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.

TL
Mod_TermsLaw Moderator

Licensed attorney — a few thoughts. 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.

Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.

PB
PatentAgent_Boston

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

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

SM
SeniorDevMike_PDX

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

In my case, it took about 3-6 months to resolve. The key was having everything documented.

SB
SmallBizOwner_NYC

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.

RM
RestaurantOwner_Miami

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.

NT
newbie_trader_question

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

FT
first_time_homeowner_2026

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

NH
need_help_investor_2025

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.

PN
Photographer_NYC

I've dealt with this before.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

TA
TenantRights_Advocate

I've dealt with this before.

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.

TA
TenantRights_Advocate

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

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
DevOps_Seattle

I went through almost the exact same thing.

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

HC
HRManager_Chicago

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

What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.

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.

Want to participate in this discussion?

Email owner@terms.law to request access