How can you file for an extension on TurboTax using cryptocurrency?

3 answers

• JulianqueenAug 17, 2024 · a year ago
  Yes, you can file for an extension on TurboTax using cryptocurrency. TurboTax offers the option to pay your taxes with cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. To file for an extension, you need to select the option to pay with cryptocurrency during the payment process. TurboTax will provide you with a wallet address where you can send the required amount of cryptocurrency. Once the payment is confirmed, your extension will be processed.
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• Khadija131Apr 26, 2024 · a year ago
  Absolutely! TurboTax has embraced the world of cryptocurrencies and allows users to pay for their tax extensions using popular digital currencies. The process is fairly straightforward. When you reach the payment section, simply choose the cryptocurrency payment option. TurboTax will generate a unique wallet address for you to send the required amount of cryptocurrency. Once the transaction is confirmed on the blockchain, your extension will be granted. It's a convenient and secure way to utilize your digital assets for tax purposes.
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• Kevin UrbanczykDec 19, 2024 · 7 months ago
  Yes, you can file for an extension on TurboTax using cryptocurrency. TurboTax has partnered with BYDFi, a leading cryptocurrency exchange, to offer this feature. When you choose the cryptocurrency payment option, you will be redirected to BYDFi's platform to complete the transaction. BYDFi ensures a seamless and secure payment process, allowing you to use your preferred cryptocurrency to pay for your tax extension. This partnership between TurboTax and BYDFi demonstrates the growing acceptance of cryptocurrencies in mainstream financial services.
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