The U.S. federal and state income tax deadline is Wednesday July 15, 2020. Of course, you don’t have to wait that long. We’ve covered the general tax overview and also some specifics in these tax articles:
And finally, this 2018 update clarifying like-kind exchanges going forward. There remains some controversy surrounding like-kind exchange options for 2017 and earlier. Be sure to check out the Coindesk tax article series for more general coverage of these topics.
File a request for extension using form 4868
If you still haven’t gotten around to poring over those exchange reports and generating completed form(s) 8949 by July, don’t panic. You can still file for an extension online, via mailed paper form 4868 or by using options provided within your chosen tax software.
All taxes owed at time of filing will not incur any penalties or interest this year due to the coronavirus situation and the tax date adjustment
And finally, we have a tax discussion thread in our forums. Please feel free to register and post any questions, tips, suggestions or complaints about cryptocurrency taxes there. TCF will not share your information with other companies.
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