Giving cryptocurrency to a qualified charity. Appreciated crypto held more than a year is deductible at fair market value with no tax on the gain; donations over $5,000 require a qualified appraisal and Form 8283.
Donating appreciated coins beats selling and giving cash: the gain is never taxed and the full value is deducted. The appraisal requirement is where donors get tripped up; an exchange price printout is not an appraisal for amounts over $5,000.
Up to $5,000, yes, with the charity's acknowledgment. Above $5,000 the IRS requires a qualified appraisal, and it has denied deductions where one was missing.
Source: IRC 170; IRS Chief Counsel Advice 202302012; Form 8283 instructions
Last reviewed September 17, 2026. Tax rules change; confirm current law before acting.
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