Crypto Gift Tax Guide for Digital Asset Transfers (2026)
Report crypto gift tax: annual exclusion, lifetime limit, basis transfer, and cryptocurrency gift reporting.
Summary
Crypto gifts have tax implications. This guide explains annual exclusion, lifetime limit, and basis transfer.
Key Steps
- 1Annual exclusion: $18,000 per recipient per year, no gift tax filing.
- 2Lifetime limit: $13.61 million lifetime exemption, tracks cumulative gifts.
- 3Basis transfer: recipient inherits giver's cost basis for future sale.
- 4No immediate tax: gift recipient owes no tax at receipt.
- 5File Form 709: required when gift exceeds annual exclusion.