What are the specific requirements for filing a tax extension for cryptocurrency gains with TurboTax?

1 answers

• Dec 18, 2021 · 3 years ago
  TurboTax is a popular tax preparation software that can be used to file a tax extension for cryptocurrency gains. When using TurboTax, you'll need to provide all the necessary information about your cryptocurrency transactions and gains. TurboTax will then guide you through the process of reporting this information and calculating your tax liability. To file an extension, you'll need to indicate that you're requesting an extension for cryptocurrency gains. TurboTax will generate the necessary forms and help you file them electronically with the IRS. It's important to accurately report your gains and any related transactions to ensure compliance with tax laws.
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