Save on Crypto Taxes by Gifting to Charity β But Hereβs the Trap If You Gift to Friends π³Looking to reduce your crypto tax bill in 2025? π§Ύ Gifting cryptocurrency can be a decisive move β but only if you do it the right way.In this video, Clinton Donnelly breaks down:β How donating crypto directly to a charity avoids capital gains taxβ οΈ Why gifting to friends passes along your cost basis (and a surprise tax bill)π§ The rules around gift tax limits, reporting, and how the IRS views these transactionsπ£ Examples β including what happens when $10K in crypto is gifted vs soldWhether you're a degen trader, long-term investor, or just trying to do something generous, this is must-know info for 2025 crypto tax planning.π¬ Got questions about gifting crypto or the IRS gift tax return? Drop them in the comments!π Subscribe for weekly crypto tax tips with Clinton Donnellyπ Like this video if you learned something newπ¬ Connect with Us:Have questions about explorers or crypto taxes? π https://www.cryptotaxaudit.com?afmc=ytπ Need Help?Schedule a consultation today π https://www.cryptotaxaudit.com/crypto-tax-consultation?afmc=ytπ Learn Moreβ Free crypto tax course: https://www.youtube.com/playlist?list=PLlRL1XYAzH0lQlqJ4XIhHassQZHKGFVQK
β¬β¬β¬β¬β¬ SPONSOR β¬β¬β¬β¬β¬π Sponsor: CryptoTaxAuditCryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties and enjoy complete peace of mind. Don't take any chances with your hard-earned assets. Become an IRS Guard Dog member today and take control of your financial future! Visit CryptoTaxAudit.com today. Visit π https://www.cryptotaxaudit.com/?afmc=ytβ¬β¬β¬β¬β¬ NOTICE β¬β¬β¬β¬β¬β οΈ πππͺππ₯π π’π π¦πππ π ππ₯π¦ ππ‘ π’π¨π₯ ππ’π π ππ‘π§π¦ ππ‘π ππ’π π π¨π‘ππ§π¬ ππππ‘π‘πππ¦We will never ask you for your personal information on social media. Beware of people masquerading as our host, guests, or sponsor company.π DisclaimerThe content in this video is for educational and entertainment purposes only. While we aim to provide accurate and up-to-date information about cryptocurrency taxation, this is not intended as legal, tax, or financial advice. Always consult with a qualified tax professional to ensure compliance with IRS regulations and accurate reporting of your cryptocurrency transactions.Related terms: crypto gift tax rules, donate crypto to charity, gifting crypto tax consequences, crypto capital gains 2025, IRS gift tax crypto, gifting cryptocurrency to friends, charitable crypto donation strategy, crypto tax savings, crypto cost basis gifting
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