RE: ADSactly On ADSACTLY - Part #39 - Taxation of Crypto - Part #2

I looove when you mentioned “How about accepting pebbles or dog shit for tax, instead?”lol

There is, or at least was discussion about "US Bill to make transactions under $600 tax free" However this bill still hasn’t pass as far as I’m concerned.
Given that the price of bitcoin and other cryptocurrencies have increased so quickly in the past few years, even the most stubborn HODLers would be hard pressed not to consider liquidating at least a portion of their crypto portfolio to lock in their gains. This will trigger capital gains tax. Buying and selling cryptocurrencies is the same as buying and selling gold or stock. You can also consider donating cryptocurrency to your favorite public charity (not to a private foundation), can help you save taxes on the coins you do sell. The charity gets a large donation, and you get a larger deduction, if you donate the coins to a charity instead of selling the coins and donating cash.