DAF Gifting Bitcoin

[kgtest]

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.

 

[gcgang]

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.