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Donating Crypto This Holiday Season? Keep Tax Treatment in Mind

Nov. 26, 2018, 4:13 PM

Your Bitcoin investment is down 80 percent from its peak, and you’re tempted to just cut your losses. Giving it away may provide that escape.

Crypto assets can be donated to charity like a car or a piece of art, because the Internal Revenue Service ruled four years ago that they were property for tax purposes. It may not be easy to find a charity willing to accept them, but the United Way and some donor-advised charitable funds are among those that do.

And if donors have lost money on the investment, they may be able to record a capital ...

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