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

1 answers

• Holmes OsborneJan 27, 2022 · 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.
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