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Deductions & credits
You enter them in schedule A under Charity.
The cryptocurrency is treated as property. You must first determine the property's fair market value to figure out the amount of a charitable contribution deduction. Fair market value is the price that a property would sell for on the open market.
For cryptocurrencies that are traded on a public exchange, the fair market value will be equal to the spot price at the time of the donation.
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‎February 20, 2022
12:35 PM