OMF Australia accepts donations of Cryptocurrencies
Make the most of your donation by donating your Bitcoin, Ethereum, and other cryptocurrencies directly to OMF Australia rather than selling and donating the after-tax proceeds.
- Your tax deduction will be equal to the fair market value of the donated cryptocurrency (as determined by a qualified appraisal).
- Donors should consult with a tax advisor for properly recording this donation on a personal tax return.
OMF Australia can accept cryptocurrency donations of any amount.
Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes Bitcoin and other cryptocurrency donations one of the most tax-efficient ways to support your favorite cause. If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq.
Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one.
We accept the following cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), Chainlink (LINK), 0x (ZRX), Storj (STORJ), Dai (DAI), Amp (AMP), The Graph (GRT), UMA (UMA), 1inch (1INCH).
IRS Virtual Currencies FAQsOMF Australia accepts donations of Cryptocurrencies