Monday, March 22, 2021

USA - I want to donate to a charity with Crypto, but the charity accepts Bitcoin and the coin I have is BNB so it'd have to do BNB --> USDC --> Bitcoin before donating. Will each trade be a taxable event despite ultimately being for a donation?

Seems like potentially not a good idea to donate if I'm going to have to spend tons of taxes on even getting the Bitcoin to them.


No comments:

Post a Comment