How can I extend the deadline for reporting cryptocurrency gains and losses using TurboTax?

3 answers

• FARHAAN SAYYADSep 20, 2020 · 5 years ago
  To extend the deadline for reporting your cryptocurrency gains and losses using TurboTax, you can file for an extension with the IRS. This will give you an additional six months to submit your tax return. Keep in mind that while the extension gives you more time to file, it doesn't extend the deadline for paying any taxes owed. Make sure to estimate your tax liability and pay any owed taxes by the original deadline to avoid penalties and interest.
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• SiemJan 09, 2021 · 5 years ago
  Hey there! If you're looking to extend the deadline for reporting your cryptocurrency gains and losses using TurboTax, you're in luck. All you need to do is file for an extension with the IRS. This will give you an extra six months to get your tax return in order. Just remember, the extension only applies to filing your return, not to paying any taxes owed. So, make sure to estimate your tax liability and pay any owed taxes by the original deadline to avoid any unnecessary fees.
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• Jerome ShandNov 04, 2021 · 4 years ago
  Sure thing! If you want to extend the deadline for reporting your cryptocurrency gains and losses using TurboTax, you can request an extension from the IRS. Simply fill out Form 4868, which is the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. This will give you an additional six months to submit your tax return. Keep in mind that the extension only applies to filing your return, not to paying any taxes owed. So, make sure to estimate your tax liability and pay any owed taxes by the original deadline to avoid any penalties or interest charges. Hope that helps!
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