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Estimated Tax Payments — NFT sale tax implications

Started by newbie_creator_CA · Oct 10, 2024 · 2,452 views · 24 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
NC
newbie_creator_CA OP

Quick background on my situation — any input appreciated.

NFT sale tax implications. I've been dealing with this for about 4 weeks now and the situation isn't improving.

I have already consulted briefly with a lawyer but got conflicting advice.

Do I have a strong case? What should my next steps be?

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.

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

ND
newbie_dev_NY

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

SA
seeking_advice_student_MA

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

MA
MusicProducer_ATL

I've dealt with this before.

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

FS
frustrated_seller_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.

DN
DataPrivacy_Nerd

I've dealt with this before.

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

CM
ContractorMike_CA

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

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

VA
VCAnalyst_SF

Been there. Here's what I learned.

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

NR
NurseUnion_Rep

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.

CA
ConsumerAdvocate

I went through almost the exact same thing.

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

RE
RemoteWorker_EU

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.

CA
CorpCounsel_Amy

I've dealt with this before.

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

NL
NursePractitioner_LA

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.

PJ
Paralegal_Jen

Been there. Here's what I learned.

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.

IG
InsuranceGuy_FL

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.

DF
desperate_freelancer_NY

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.

AB
AgentBroker_TX

I've dealt with this before.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

FD
frustrated_dev_WA

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.

CA
ConsumerAdvocate

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.

NH
need_help_student_CO

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

WC
worried_creator_2024

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

DT
desperate_tenant_NY

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've dealt with this before.

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

FB
frustrated_business_owner_advice

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

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