Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes Bitcoin, Ethereum, and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause. Please contact your tax or financial advisor for more information.
If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq.
More questions about donating crypto?
Feel free to contact us at development@forwardjustice.org.