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Published 1 year ago

Accepting Crypto Donations at Your Nonprofit: A Guide

Summary by Ground News

Crypto is the fastest-growing asset in 2021. Donating crypto is not a taxable event for the IRS, meaning that donors don't have to recognize any capital gains on the appreciated asset. Donors can contribute the full amount and potentially deduct up to the full fair market value for tax deductions.

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Accepting Crypto Donations at Your Nonprofit: A Guide

In fact, it's possible to accept crypto support without additional legal or accounting burdens using an intermediary like Every.org.

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