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Bitcoin Forum > Other > Off-topic > Is the tax ride off donating coins worth it? with price fluxuations?
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daclan (OP)
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August 26, 2021, 06:45:23 PM
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I donated some coin to a charity designed to help teach under privileged kids STEM. Crypto4coding

Anyway, I didn't donate much really but I was wondering, if I donate say 1 coin while the price is good and then by more coins when it dips again, I get the higher ride off even though my cost was much lower correct?

Can anyone point me to an experience tax advisor that has experience with crypto?
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August 26, 2021, 10:49:20 PM
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It varies on which country you live. What country you are living and it's best to consult with your local tax experts.
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August 27, 2021, 06:54:27 PM
 #3
It will be calculated based on the price at the moment you donated, since governments regulated cryptos as digital assets so their fiat value has to be reported irrespective of the quantity you send or donated.
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