common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

Is it possible to get an extension on the crypto tax deadline?

avatarMinerguy82Nov 28, 2021 · 3 years ago1 answers

I am wondering if there is any possibility to get an extension on the deadline for filing crypto taxes. Are there any provisions or exceptions that allow individuals to have more time to file their taxes related to cryptocurrency?

Is it possible to get an extension on the crypto tax deadline?
Crypto Taxes
Tax Deadline
Tax Extension

1 answers

  • avatarNov 28, 2021 · 3 years ago
    Absolutely! You can get an extension on the crypto tax deadline by filing Form 4868 with the IRS. This form allows you to extend the filing deadline by six months, giving you more time to organize your crypto transactions and complete your tax return. However, it's important to note that the extension only applies to the filing deadline, not the payment deadline. If you owe taxes, you are still required to estimate and pay the amount due by the original deadline to avoid penalties. Remember to consult with a tax professional or visit the IRS website for detailed instructions on how to request an extension and fulfill your tax obligations.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions