How can I request an extension for reporting my cryptocurrency gains using TurboTax?

5 answers

• pl_0utCastApr 06, 2024 · 2 years ago
  If you need more time to report your cryptocurrency gains using TurboTax, you can request an extension by filing Form 4868. This form will give you an additional six months to file your tax return. Make sure to submit the form before the original due date of your tax return to avoid any penalties or interest charges. Keep in mind that even with an extension, you are still required to estimate and pay any taxes owed by the original due date.
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• Abdurrahman YıldırımDec 28, 2021 · 4 years ago
  Requesting an extension for reporting your cryptocurrency gains using TurboTax is a straightforward process. Simply fill out Form 4868, which is the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. This form will grant you an additional six months to complete your tax return. Remember to submit the form before the original due date to avoid any penalties. It's important to note that an extension only applies to the filing deadline, not the payment deadline. You are still required to estimate and pay any taxes owed by the original due date.
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• EssahSep 05, 2022 · 3 years ago
  If you're using TurboTax to report your cryptocurrency gains and need more time, you can request an extension by filing Form 4868. This form allows you to extend the deadline for filing your tax return by six months. It's important to note that the extension only applies to the filing deadline, not the payment deadline. You are still required to estimate and pay any taxes owed by the original due date. If you have any specific questions about the extension process, you can reach out to BYDFi's customer support for assistance.
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• Suvra Mukherjee Hardware DesiJan 26, 2024 · 2 years ago
  Requesting an extension for reporting your cryptocurrency gains using TurboTax is a common situation. To do so, you can file Form 4868, which grants you an additional six months to complete your tax return. It's important to submit the form before the original due date to avoid any penalties. Keep in mind that an extension only applies to the filing deadline, not the payment deadline. You are still required to estimate and pay any taxes owed by the original due date. If you have any concerns or questions, feel free to consult with a tax professional.
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• Qudrat QudSep 09, 2022 · 3 years ago
  If you're using TurboTax to report your cryptocurrency gains and need more time, you can request an extension by filing Form 4868. This form allows you to extend the deadline for filing your tax return by six months. Remember to submit the form before the original due date to avoid any penalties. It's important to note that an extension only applies to the filing deadline, not the payment deadline. You are still required to estimate and pay any taxes owed by the original due date. If you have any further questions, consult the official IRS website for detailed instructions.
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