Bitcoin Forum
July 18, 2018, 06:29:31 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin appraisal for charitable donation  (Read 243 times)
btcforfun
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
September 13, 2017, 12:40:26 AM
 #1

I want to make a charitable donation in bitcoin.  However, it seems that I need to get a third-party appraisal from a qualified appraiser for the bitcoin value in order for the donation to be tax-deductible.  The cheapest one I can find costs $600.  This seems quite expensive considering bitcoin isn't hard to appraise (a few minutes on the internet would do).  Does anyone know of a cheaper alternative?

Thank you very much.

1531895371
Hero Member
*
Offline Offline

Posts: 1531895371

View Profile Personal Message (Offline)

Ignore
1531895371
Reply with quote  #2

1531895371
Report to moderator
1531895371
Hero Member
*
Offline Offline

Posts: 1531895371

View Profile Personal Message (Offline)

Ignore
1531895371
Reply with quote  #2

1531895371
Report to moderator
1531895371
Hero Member
*
Offline Offline

Posts: 1531895371

View Profile Personal Message (Offline)

Ignore
1531895371
Reply with quote  #2

1531895371
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
TyroneCPA
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
October 14, 2017, 04:12:50 PM
 #2

I will do your appraisal for free.  We are trying to encourage wider adoption of this tax technique which can save significant taxes and encourage more coin usage.  The rules are surprising tricky  in this tax law area and even if you paid $600 you might have some problems in the future.  I'm new to this board so I'm not sure about the solicitation rules when offering free help.

You can contact me via our volunteer charity website.  My volunteer work is in interesting tax incentives for donors.  I have participated in many form 8283 donations.

http://www.pennsylvaniaeitc.org/contact-us.html 

The charity needs to receive your donation in a wallet or you don't need an appraisal as you would report a bitcoin capital gain and a cash donation.
bloc8888
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
November 30, 2017, 10:36:00 PM
 #3

Bump -- anyone found a better option than the $600 appraisal (that I assume everyone finds when they google this)?
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!