Crypto Donation Tax Guide for Charitable Giving (2026)
Report crypto donation tax: charitable deduction, fair market value, basis transfer, and cryptocurrency gift reporting.
Summary
Crypto donations are tax-deductible. This guide explains FMV deduction, documentation, and capital gains bypass.
Key Steps
- 1Deduct FMV: donate held >1 year crypto, deduct fair market value.
- 2Avoid capital gains: donation bypasses capital gains tax on appreciation.
- 3Document donation: written acknowledgment from charity required.
- 4Deduction limit: 30% of AGI for appreciated property donations.
- 5Short-term holdings: held <1 year crypto, deduction limited to cost basis.