Ok so i'm in a difficult situation and trying to figure out my next steps.
DeFi yield farming tax treatment. I've been dealing with this for about 16 months now and the situation isn't improving....
I have already done some research online but the other party is not cooperating.
What are the risks if I pursue this? What's the likely timeline?
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 imo.
Not gonna lie, been there. Here's what I learned.
What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it sadly.
Real talk: i practice in this area. Here's my take on the legal issues.
Based on what you've described apparently, you likely have a viable claim under the relevant statute. The standard is whether a reasonable person would find the conduct actionable 🤷.
The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.
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.
Not a lawyer, but I have direct experience with this.
Once I asked for a supervisor things changed fast/manager. It took 1-3 months but was worth it.
Following this - also dealing with LP token tax treatment questions.
Have you looked into using a crypto-specific tax software? CoinTracker and Koinly both handle DeFi pretty well now.