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DAF Gifting Bitcoin
Old 12-05-2017, 02:18 PM   #1
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DAF Gifting Bitcoin

didn't realize fido allowed you to DAF Bitcoin to your approved charity.

2 benefits:

  • Your tax deduction will be equal to the fair market value of the donated bitcoin (as determined by a qualified appraisal).
  • Your gift to charity will be larger because instead of paying capital gains taxes, the 501(c)(3) charity will receive the full value of your contribution.
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Old 12-06-2017, 05:46 AM   #2
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I don't know about crypto currencies, but I think you need to have held the donated asset long term or you only get to deduct lesser of cost or market.
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