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Day Trading Tax Treatment — NFT sale tax implications

Started by newbie_dev_NY · Apr 23, 2025 · 1,516 views · 19 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
ND
newbie_dev_NY OP

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

NFT sale tax implications. I've been dealing with this for about 12 weeks 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?

TL
Mod_TermsLaw Moderator

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

There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.

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

TR
TruckerRights_OH

I went through almost the exact same thing.

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

HM
help_me_creator_NC

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.

CA
CorpCounsel_Amy

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

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

SB
SmallBizOwner_NYC

I went through almost the exact same thing.

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

AB
AgentBroker_TX

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

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.

PB
PatentAgent_Boston

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.

OD
OpenSourceLawyer_Dan

I went through almost the exact same thing.

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

ES
eComm_Seller_2022

I've dealt with this before.

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

NF
newbie_freelancer_question

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

SM
SeniorDevMike_PDX

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

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

FI
frustrated_investor_2024

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.

IG
InsuranceGuy_FL

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.

IG
InsuranceGuy_FL

I went through almost the exact same thing.

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

CC
confused_creator_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.

DR
desperate_renter_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.

IG
InsuranceGuy_FL

I went through almost the exact same thing.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

SA
seeking_advice_tenant_CO

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

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