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Estimated Tax Payments — day trader wash sale confusion

Started by RestaurantOwner_Miami · Jun 24, 2024 · 2,419 views · 9 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
RM
RestaurantOwner_Miami OP

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

day trader wash sale confusion. I've been dealing with this for about 9 months now and the situation isn't improving.

I have already tried to resolve this directly but got conflicting advice.

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

TL
Mod_TermsLaw Moderator

Attorney here. 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.

NB
newbie_buyer_advice

NAL, but from what I've read, you should file a complaint. That said, definitely get a lawyer to look at the specifics.

DC
desperate_contractor_help

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.

MA
MusicProducer_ATL

Been there. Here's what I learned.

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

HC
HRManager_Chicago

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

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

FH
frustrated_homeowner_advice

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.

RM
RestaurantOwner_Miami

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

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

FT
first_time_freelancer_today

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.

NH
need_help_buyer_WA

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

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