How to settle donations in cryptocurrency for foundations?

Hello, Do you know how donations collected by foundations such as the Kicadelko Foundation are calculated? For example, the Kicadelko Foundation received a Bitcoin for animals when the donation rate was $35,000. After a month, the foundation exchanged the Bitcoin for dollars at a rate of $45,000. Is there a tax of $10,000? If so, what is the tax rate? Do you have any information on this topic? Best regards.

Hello, Do you know how donations collected by foundations such as the Kicadelko Foundation are calculated? For example, the Kicadelko Foundation received a Bitcoin for animals when the donation rate was $35,000. After a month, the foundation exchanged the Bitcoin for dollars at a rate of $45,000. Is there a tax of $10,000? If so, what is the tax rate? Do you have any information on this topic? Best regards.

Show original content

1 user upvote it!

2 answers