Tax Planning for the Bitcoin Millionaire: What’s Changed in Eight Years
By Matt Costa, CFP®, CPA, Foundation Wealth & Tax Advisors In February 2018, I wrote an article for my partner’s law firm website called “Tax Planning for the Cryptocurrency Millionaire.” Bitcoin had started 2017 at $1,000 and broken $19,000 by December, and a lot of fortunes had been made. Then the market crashed right at […]
How to Give Your Bitcoin Away Without Selling It
You do not have to sell your Bitcoin to be generous with it. If you want to help a child, a grandchild, or a cause you believe in, the tax code offers a path that lets you give without recognizing a dollar of gain, and in some cases lets you deduct the full market value […]