What is the duration of a tax extension for digital currency investments?

3 answers

• Jan 10, 2022 · 3 years ago
  A tax extension for investments in digital currency typically lasts for six months. This means that if you file for an extension, you will have an additional six months to submit your tax return and pay any taxes owed on your digital currency investments. It's important to note that while the extension gives you more time to file your return, it does not extend the deadline for paying any taxes owed. So, make sure to calculate and pay any taxes on your digital currency investments by the original tax deadline to avoid penalties and interest charges.
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• Jan 10, 2022 · 3 years ago
  Hey there! So, when it comes to tax extensions for digital currency investments, you're looking at a six-month duration. This means that if you need more time to file your tax return and pay any taxes owed on your digital currency investments, you can request an extension that will give you an additional six months. Just keep in mind that the extension only applies to the filing deadline, not the payment deadline. So, make sure to calculate and pay any taxes owed by the original tax deadline to avoid any penalties or interest charges. Hope that helps!
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• Jan 10, 2022 · 3 years ago
  When it comes to tax extensions for digital currency investments, the duration is typically six months. This means that if you need more time to file your tax return and pay any taxes owed on your digital currency investments, you can request an extension that will give you an additional six months. However, it's important to note that the extension only applies to the filing deadline, not the payment deadline. So, it's still crucial to calculate and pay any taxes owed by the original tax deadline to avoid any penalties or interest charges. If you have any further questions, feel free to reach out to BYDFi, they can provide more information on this topic.
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