Nonprofit Media Organization
Before you sell bitcoin and donate the after-tax proceeds, consider donating your bitcoin directly to charity:
There’s another upside to donating bitcoin to a public charity with a donor-advised fund program such Sharq Global Tv: The opportunity to recommend how the contribution is invested and potentially grow it tax-free, ultimately providing charitable/philanthropic support.
Your tax deduction will be equal to the fair market value of the donated bitcoin (as determined by a qualified appraisal)
Your gift to charity will be larger because instead of paying capital gains taxes, the 501(c)(3) charity will receive the full value of your contribution.
How does it work?
Contributing bitcoin to Sharq Global Tv means that your tax deduction and your charitable gift may instantly increase over 20%. Charities are exempt from paying capital gains on the sale of assets, so the full value of your gift stays intact. Consider the example: