DONATE CRYPTO- The Best Form Of Giving is Anonymous
Yes! Skylyfe INC. offers supporters with cryptocurrency the ability to support our organization in a tax-efficient way. The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax deductible. Your contribution is tax-deductible to the fullest extent permitted by law. For example, for donors in the United States, the IRS has classified Bitcoin as property for tax purposes. This means that when you donate Bitcoin and other cryptocurrencies to a 501(c)(3) nonprofit like Skytopian Umbrella Title I Community Development INC. (Skylyfe Inc) you do not have to pay capital gains tax and it is tax deductible.