What crypto investors need to know about charitable tax planning:
Before we get into how crypto can be donated, it is important to understand the mechanics of donating noncash assets to charities.
“But there are rules. For property donated with a combined worth of more than $500 , an additional form called Form 8283 must be filed as well,” says Wilson.“The IRS requires you take the charitable deduction at the fair market value of the property being donated - and this is the form used to do just that,” says Wilson.
That’s why it is important to be aware of another set of rules surrounding Form 8283. Unlike publicly traded securities, a donation of cyrpto currency that exceeds $5,000 will require a qualified appraisal. Wait, aren’t crypto currencies actively traded, with the ups and downs of their prices making headlines? The answer is that neither the IRS nor the SEC has taken any official position to treat cryptocurrencies as securities.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
What Crypto Investors Need To Know About Charitable Tax PlanningCrypto investors have had a wild ride and many have significant gains in their positions. This tax technique might be able to save some money if done properly.
続きを読む »
Financial stability risks are 'elevated' as climate, COVID and crypto dangers rise, U.S. says“The outlook for global growth is characterized by elevated uncertainty, with the potential for continued volatility and unevenness of growth across countries and sectors,” Financial Stability Oversight Council said in its annual report to Congress.
続きを読む »
Binance To Launch Crypto Exchange In Indonesia With Country’s Largest TelecomBinance will launch a new digital asset exchange in Indonesia through a joint venture with a consortium led by MDI Ventures, an investment arm of Telkom Indonesia.
続きを読む »
Millennial millionaires plan to add more crypto in 2022, CNBC Millionaire Survey findsFully 83% of millennial millionaires own cryptocurrencies, according to the CNBC Millionaire Survey.
続きを読む »
What Crypto Investors Need To Know About Charitable Tax PlanningCrypto investors have had a wild ride and many have significant gains in their positions. This tax technique might be able to save some money if done properly.
続きを読む »