deFi yield farming tax treatment — what are my options?

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Started by am_i_screwed_34 · Jan 1, 2025 · 1,215 views · 1 reply
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AI
am_i_screwed_34 OP

EDIT: added more context below. I'm dealing with a situation and need some guidance.

DeFi yield farming tax treatment. I've been dealing with this for about 2 weeks now and the situation isn't improving.

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

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

AJ
average_joe_8

Real talk: i've dealt with this before.

A lot of people mess up by is having everything documented. I'd recommend keeping a detailed timeline instead 🤷.

CDQ
housingcrisis_2 Contributor

Coinbase locked my account during KYC re-verification. I submitted all documents 6 weeks ago — still no response. Has $23K stuck there. Filed CFPB complaint and got a response within 72 hours. That's the route to take.

TU
tired_user_58 Attorney

The Infrastructure Act reporting requirements are going to make this even more complicated.