What if I am donating more than $5,000 in cryptocurrency?
Since cryptocurrency has yet to be classified by the IRS, donations of over $5,000 need to be appraised by a qualified appraiser in order to get a write-off for your donation. However, the cost of this appraisal is most likely less than the tax you would be paying by liquidating your cryptocurrency before donating. Please send us a message if you have questions about the appraisal.