2 ms·
> especially once you consider potential tax reporting implications Do you think the issue of tax reporting for donations is dismissed when you avoid crypto? U
by yebyen 5y ago
> especially once you consider potential tax reporting implications
Do you think the issue of tax reporting for donations is dismissed when you avoid crypto? Unless your project is incorporated as a 501c3 or other non-profit entity (which has its own set of onerous reporting requirements, this is not a backdoor escape hatch) I don't see how that's any less of an issue without cryptos.
You can avoid capital gains reporting, but your cash donations are still income and must be counted. They will be taxed.