How can I file for a tax extension for my cryptocurrency earnings?

3 answers

• Dec 27, 2021 · 3 years ago
  If you need more time to file your taxes and you have earned income from cryptocurrency trading, you can file for a tax extension. To do this, you will need to submit Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. This form can be filed electronically or by mail. Make sure to include an estimate of your tax liability and any payment you owe to avoid penalties and interest. Keep in mind that filing for an extension only gives you more time to file your tax return, not more time to pay any taxes owed.
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• Dec 27, 2021 · 3 years ago
  Filing for a tax extension for your cryptocurrency earnings is similar to filing for a tax extension for any other type of income. You will need to submit Form 4868, which can be done electronically or by mail. On this form, you will need to provide your personal information, including your name, address, and Social Security number. You will also need to estimate your total tax liability and any payment you owe. It's important to note that filing for an extension does not exempt you from paying any taxes owed by the original tax deadline.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we understand that sometimes you may need more time to file your taxes, especially when it comes to reporting your cryptocurrency earnings. To file for a tax extension specifically for your cryptocurrency earnings, you can follow the same process as filing for a tax extension for any other type of income. Simply submit Form 4868, either electronically or by mail, and include an estimate of your tax liability and any payment you owe. Remember, filing for an extension only gives you more time to file your tax return, not more time to pay any taxes owed.
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