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#88 - Tax attorney Andrew Gordon answers the most common crypto tax questions.

Law of Code

CHAPTER

How to Deduct Appreciated Crypto From Your Tax Return

In most situations, you can claim the fair market value rather than your cost basis as the charitable deduction. The IRS issued a memo that talked about this exactly, which was donations of appreciated crypto. So typically you can look to the price of the token on an exchange and it's fairly readily ascertainable.

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