Author: The Waters
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Tax Considerations for Donated Bitcoin
This is post is taken from the Frequently Asked Questions. Donating a highly appreciated asset, like bitcoin, is one way to reduce federal taxes and be able to direct more of that money to a charity that you support. Let’s say you purchased $5,000 worth of bitcoin and it is now worth $55,000. Option 1: You sell…
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How Do I Donate Bitcoin?
Great! It sounds like you may have already read through the Frequently Asked Questions and are now interested in seeing how the donation process works. Click the Donate button on the header of the page. If you want the donation to remain as bitcoin until it is needed or sent as bitcoin to support missionaries…