Crypto Gift Tax Treatment Guide for Donations and Transfers (2026)
Understand crypto gift tax treatment: gift limits, carryover basis, recipient reporting, and charitable donation deduction for cryptocurrency transfers.
Summary
Crypto gifts have specific tax rules. This guide explains gift limits, basis carryover, and charitable donation reporting for cryptocurrency transfers.
Key Steps
- 1Track gift exclusion: $18K per recipient (2026) avoids gift tax filing.
- 2Document carryover basis: recipient inherits donor's cost basis.
- 3Report large gifts: file Form 709 if total gifts exceed exclusion.
- 4Charitable donations: FMV deduction if held >1 year, basis if <1 year.
- 5Maintain gift records: donor basis, FMV at gift, recipient relationship.