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How can I file a tax extension for my cryptocurrency investments?

avatarNelson AtuyaDec 18, 2021 · 3 years ago3 answers

I need to file a tax extension for my cryptocurrency investments. How can I do that?

How can I file a tax extension for my cryptocurrency investments?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    If you need to file a tax extension for your cryptocurrency investments, you can do so by submitting Form 4868 to the IRS. This form will give you an additional six months to file your tax return. Make sure to accurately report your cryptocurrency investments on your tax return when you do file.
  • avatarDec 18, 2021 · 3 years ago
    Filing a tax extension for your cryptocurrency investments is a fairly straightforward process. You can request an extension by filing Form 4868 electronically or by mail. Just remember that an extension to file your tax return does not grant you an extension to pay any taxes owed. Make sure to pay any estimated taxes by the original due date to avoid penalties and interest.
  • avatarDec 18, 2021 · 3 years ago
    If you're a BYDFi user, you can file a tax extension for your cryptocurrency investments by following these steps: 1. Log in to your BYDFi account. 2. Go to the 'Tax' section. 3. Click on 'File Tax Extension'. 4. Follow the prompts to complete the extension request. Remember to accurately report your cryptocurrency investments on your tax return when you do file.