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Capital Gains Strategy

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So I’m wondering if anyone has tried this. I have a few coins with around a $30k basis overall. I give a decent amount to non-profits. I’m working on getting these non-profits to accept donations in BTC. From my understanding if it’s given in BTC I can take the present value as a charitable donation without paying any capital gains. I would then take the dollars I would normally give and buy the same amount of BTC but increase my basis. Effectively my stack is the same minus transaction costs but my future capital gains are slowly being eliminated. This is a similar strategy to donating stock that has a bunch of capital gains piled up.

A side benefit is these non-profits now have experience with BTC and potentially start to expand the reach of BTC

submitted by /u/Jollybitfarm
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