What are the steps to extend the deadline for reporting cryptocurrency gains on TurboTax?

3 answers

• shahzadmjuneerSep 13, 2020 · 6 years ago
  To extend the deadline for reporting your cryptocurrency gains on TurboTax, you can request an extension from the IRS. You can do this by filing Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. Make sure to check the box for 'Extension for Certain Payment and Return Filing Deadlines' and enter the estimated amount of tax you owe. This will give you an additional six months to file your tax return, including reporting your cryptocurrency gains.
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• JAVID AHMAD KHANFeb 26, 2025 · a year ago
  If you need more time to report your cryptocurrency gains on TurboTax, you can file for an extension using Form 4868. This will give you an extra six months to file your tax return. Just make sure to estimate the amount of tax you owe and pay it by the original due date to avoid any penalties or interest. Once you've filed for an extension, you'll have until the extended deadline to report your cryptocurrency gains on TurboTax.
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• Shiven ChandraJul 28, 2024 · 2 years ago
  Well, if you want to extend the deadline for reporting your cryptocurrency gains on TurboTax, you can file for an extension with the IRS. Just fill out Form 4868 and submit it before the original due date. This will give you an additional six months to file your tax return, including reporting your cryptocurrency gains. Remember to estimate the amount of tax you owe and pay it by the original due date to avoid any penalties or interest. And hey, if you need any help with your cryptocurrency taxes, you can always reach out to BYDFi for assistance!
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