Yes, there are significant tax benefits to donors who have appreciated cryptocurrency. Just like a donation of appreciated stock, donors can avoid future capital gains tax by donating the crypto, without converting it to cash first. This means the same donor may be able to donate more! That's in addition to the usual tax deduction for donors who itemize their deductions.
Are there tax benefits to using cryptocurrency? Print
Modified on: Thu, 31 Mar, 2022 at 5:18 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.