What is the tax deadline for reporting cryptocurrency transactions in NYS?

3 answers

• Reece AllenNov 25, 2024 · a year ago
  The tax deadline for reporting cryptocurrency transactions in NYS is April 15th of each year, which is the same deadline for filing federal income tax returns. It's important to note that cryptocurrency transactions are subject to capital gains tax, so make sure to report your gains accurately to avoid any legal issues or penalties. If you're unsure about how to report your cryptocurrency transactions, it's recommended to consult with a tax professional who is familiar with the regulations in NYS.
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• Tung Duong ThanhFeb 19, 2021 · 5 years ago
  Hey there! The tax deadline for reporting cryptocurrency transactions in NYS is April 15th. Just like filing your federal income tax returns, you need to report your cryptocurrency gains and losses accurately to avoid any trouble with the tax authorities. If you're not sure how to report your transactions, it's always a good idea to seek advice from a tax professional who can guide you through the process and ensure you're in compliance with the regulations in NYS.
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• Hartley HennebergFeb 17, 2024 · 2 years ago
  The tax deadline for reporting cryptocurrency transactions in NYS is April 15th, just like the deadline for filing your federal income tax returns. It's important to keep in mind that cryptocurrency transactions are subject to capital gains tax, so you need to report your gains and losses accurately. If you're not sure how to report your transactions, you can consult with a tax professional who can provide you with guidance based on your specific situation. Remember, it's better to be safe than sorry when it comes to taxes!
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