Are crypto donations tax deductible?
The tax deductibility of cryptocurrency donations can depend on several factors, including the tax laws of the country in which the donation is made, the organization or charity that is receiving the donation, and the specific rules and regulations surrounding cryptocurrency donations. In the United States, for example, the Internal Revenue Service (IRS) treats cryptocurrency as property rather than currency for tax purposes. Therefore, donations of cryptocurrency to qualified charitable… Read More »Are crypto donations tax deductible?